please answer all the questions immediately thankyou

17.Statement | - Investment in Subsidiary is accounted using equity method. Statement || - Material transactions between investor and investee may be presumed to be an evidence of significant influence. mm (1 Point) True: True True: False False: False False: True 18. An investor uses the equity method to account for investment in associate. The purchase price implies a fair value of the investee's depreciable assets in excess of the investee's net asset carrying value. The investee's amortization of excess (1 Point) Increases the investment income account Decreases the goodwill accoun Does not affect the carrying value of the investment Decreases the investment account 19. Statement 1 - Patents and franchises which are intangible asset of a business may qualify as a financial asset. Statement 11 - A contract may or may not have two parties involved. * (1 Point) True: True O True: False False: False False True 20. If an associate has outstanding cumulative preference shares, the share of profit and loss is computed by the investor after adjusting for the preference dividends which must be actually paid for the year. (1 Point) True O False 21. When an investor uses the equity method to account for investment in ordinary shares, cash dividends received by the investor from the investee should be recorded as * C (1 Point) Dividend income Deduction of goodwill Addition to retained earnings of the investee O Deduction from investment account