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$17$

Which $of$ the following statements regarding accounting for stock investments with insignificant influence $is$ false?

$2$ points

$01$:$23$:$33$

Stock investments with insignificant influence are classified $as$ either short $or$ long term based $on$ managers' intent and the stock's marketability.

When $an$ investor owns less than $20\%of$ voting stock, the investor $is$ presumed $to$ have insignificant influence.

Any unrealized gain $(or$ loss$)$ from a change $in$ the fair value $of$ the portfolio $of$ stock investments $is$ reported $on$ the income statement.

Stock investments with insignificant influence are reported $at$ fair value.

$Mc$

Graw

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