Question: QUESTION 1 When a subsidiary's acquisition - date fair values exceed its book values for its limited - lived assets, the equity method records over

QUESTION 1
When a subsidiary's acquisition-date fair values exceed its book values for its limited-lived assets, the equity method records over time
a reduction in Equity in Subsidiary Earnings for amortization expense.
an increase in Equity in Subsidiary Earnings for amortization expense.
no effect on Equity in Subsidiary Earnings over time.
QUESTION 1 When a subsidiary's acquisition-date fair values exceed its book

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