Question 8 (1 point) Saved If fair value is used to account for an equity investment in common shares under IFRS, it is presumed that the investor has insignificant influence on the investee. the earning of a profit by the investee is considered a proper basis for recognition of income by the investor. profit of the investee is not considered earned by the investor until dividends are declared by the investee. the investment account will remain at cost. Question 9 (1 point) On January 1, 2021, Goyeche Corporation purchased 30% of the common shares of Grafenburg Limited for $ 400,000. During 2021, Grafenburg Limited paid cash dividends of $ 60,000 and had profit of $ 300,000. During the same period, Goyeche earned $ 500,000 and paid dividends of $ 125,000. Both corporations have a December 31 year end. On December 31, 2021, the balance in Goyeche' s Investment in AssociateGrafenburg Common Shares account is $ 472,000. $ 640,000. $ 400,000 $ 192,000