Companies report equity investments without a readily determinable fair value at their historical cost.

Name: Companies report equity investments without a readily determinable fair value at their historical cost.
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Question

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According to generally accepted accounting principles (GAAP), companies report equity investments without a readily determinable fair value at their historical cost. They are reported on the balance sheet as non-current assets and are periodically assessed for impairment.

Companies Report Equity Investments Without a Readily Determinable Fair Value