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At December 31, 2017, Escargot Corp

Question 78

Multiple Choice

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: 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. 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.

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