If 15% of the common stock of an investee company is purchased as a long-term investment, the appropriate method of accounting for the investment is:

Name: If 15% of the common stock of an investee company is purchased as a long-term investment, the appropriate method of accounting for the investment is:
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When an investor holds less than 20% of the investee's voting stock, the investment is typically accounted for using the available-for-sale method, reflecting the investment at fair market value.

If 15% of the Common Stock of an Investee Company