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
Correct Answer:
Verified
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