Reporting change in fair value

a$.$ Explain how a change in fair value of an equity investment with less than $20\%$ ownership is reported on the investor$$s income statement.

A change in fair value of an equity investment of less than $20\%$ ownership is reported on the investor$$s income statement

as an unrealized gain or loss for the period.as a valuation allowance addition $($gain$)$ or deduction $($loss$)$ from the original cost of the investment.

b$.$ Explain how a change in fair value of an equity investment with less than $20\%$ ownership is reported on the investor$$s balance sheet.

A change in fair value of an equity investment of less than $20\%$ ownership is reported on the investor$$s balance sheet

as a valuation allowance addition $($gain$)$ or deduction $($loss$)$ from the original cost of the investment.as an unrealized gain or loss for the period.