At December 31, 2017, Escargot Corp.has the following equity securities (no significant influence) that were purchased earlier in 2017, its first year of operation:
If the investments are being accounted for under the fair value through net income (FV-NI) model, the total book value of the investment accounts should
A) be decreased by $7,500.
B) be increased by $7,500.
C) be decreased by $16,000.
D) remain unchanged.
Correct Answer:
Verified
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