THIS IS A TIMED TEST. NEED ANSWERS WITHIN 2 HOURS. Short answer questions. Must be original or will be detected. Thank you.

1. (TCO A) How does the use of the equity method affect the investor's financial statements, specifically the investment account? (Points : 15)

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Question 2. 2. (TCO B) What is a bargain purchase, and how are bargain purchases accounted for in an acquisition business transaction? (Points : 15)

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Question 3. 3. (TCO D) How is a noncontrolling interest in the net income of an entity reported in the income statement? (Points : 15)