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If the Level of Ownership Changes Such That the Investor

Question 49

Multiple Choice

If the level of ownership changes such that the investor must change the accounting method to report the investment,the investor should


A) continue to use the same method to abide by the consistency principle
B) continue to use the same method,but change the book value of the investment going forward
C) discontinue the old method and sell the investment
D) discontinue the old method and adopt the new method going forward
E) none of the above

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