Question: under the equity method, if net loss reported by investee, what is the effect on investor's Account? a. Record assets and increase in investment account
under the equity method, if net loss reported by investee, what is the effect on investor's Account?
a. Record assets and increase in investment account
b. Record income from investment and increase investment account
c. Record asset ( cash or Receivable ) and decrease in investment
d. Record loss from investment and increase investment account
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
