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At December 31, 2011, Escot Corp

Question 67

Multiple Choice

At December 31, 2011, Escot Corp.has the following equity securities (no significant influence) that were purchased earlier this year, its first year of operation: At December 31, 2011, Escot Corp.has the following equity securities (no significant influence)  that were purchased earlier this year, its first year of operation:   If the investments are correctly accounted for under the fair value through net income model the aggregate book value of the investment accounts should A) Be increased by $15,000 B) Be decreased by $15,000 C) Be decreased by $32,000 D) Remain unchanged If the investments are correctly accounted for under the fair value through net income model the aggregate book value of the investment accounts should


A) Be increased by $15,000
B) Be decreased by $15,000
C) Be decreased by $32,000
D) Remain unchanged

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