ABC owned the following equity securities held as long-term investments on December 31,2013.All are traded over the counter. $$\begin{array} { | l |l | }
\hline \text { Security } & \text { Percent Owned } \
\hline \text { M, Common Stock } & 15 \text { percent } \
\hline \text { N, Common Stock } & 25 \text { percent with significant influence } \
\hline \text { O, Common Stock } & 5 \text { percent }\\hline
\end{array}$$ ABC should account for these securities by applying the:

Question

ABC owned the following equity securities held as long-term investments on December 31,2013.All are traded over the counter. $$\begin{array} { | l |l | } 
\hline \text { Security } & \text { Percent Owned } \
\hline \text { M, Common Stock } & 15 \text { percent } \
\hline \text { N, Common Stock } & 25 \text { percent with significant influence } \
\hline \text { O, Common Stock } & 5 \text { percent }\\hline
\end{array}$$ ABC should account for these securities by applying the:

Quizplus · Accepted Answer

The Answer of ABC owned the following equity securities held as long-term investments on December 31,2013.All are traded over the counter. $$\begin{array} { | l |l | } 
\hline \text { Security } & \text { Percent Owned } \
\hline \text { M, Common Stock } & 15 \text { percent } \
\hline \text { N, Common Stock } & 25 \text { percent with significant influence } \
\hline \text { O, Common Stock } & 5 \text { percent }\\hline
\end{array}$$ ABC should account for these securities by applying the:

ABC Owned the Following Equity Securities Held as Long-Term Investments