Identify the appropriate accounting method for each of the following situations involving investments in common shares AND justify your choice:
a_Purchase 10% and plan to sell in three months' time
b_Purchase of more than 55% of investee's shares to control their long term strategy
c_Purchase of 33% interest to share ownership with two other companies in a risky endeavour in a developing country
d_Purchase of 40% interest in a company to significantly influence their product development

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The Answer of Identify the appropriate accounting method for each of the following situations involving investments in common shares AND justify your choice:
a_Purchase 10% and plan to sell in three months' time
b_Purchase of more than 55% of investee's shares to control their long term strategy
c_Purchase of 33% interest to share ownership with two other companies in a risky endeavour in a developing country
d_Purchase of 40% interest in a company to significantly influence their product development

Identify the Appropriate Accounting Method for Each of the Following