An investment accounted for under the equity method is always reported on the statement of financial position fair value.

Question

Quizplus · Accepted Answer

An investment accounted for under the equity method is reported at cost plus or minus any adjustments for the investor's share of the investee's net income or loss and any other changes in the investee's equity since the acquisition date. It is not reported at fair value on the statement of financial position.

An Investment Accounted for Under the Equity Method Is Always