Which one of the following correctly reflects the effects on the financial statements caused by a decrease in the market price of a 30% interest long-term equity security investment?

Question

Quizplus · Accepted Answer

A decrease in the market price of a 30% interest long-term equity security investment affects the other comprehensive income and equity sections of the financial statements but does not directly impact the income statement where earnings per share is calculated. Therefore, earnings per share remains unaffected.

Which One of the Following Correctly Reflects the Effects on the Financial