GAAP allow investments under the equity method to be carried at adjusted cost or current market value on the balance sheet.

Name: GAAP allow investments under the equity method to be carried at adjusted cost or current market value on the balance sheet.
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Question

Quizplus · Accepted Answer

According to GAAP, investments under the equity method can be carried at adjusted cost or current market value, whichever is higher, on the balance sheet. Therefore, the statement is true.

GAAP Allow Investments Under the Equity Method to Be Carried