Equity securities,in which the investor lacks the ability to participate in the decisions of the investee company,are initially accounted for at the lower-of-cost-or-market value.

Question

Quizplus · Accepted Answer

Equity securities, in which the investor lacks the ability to participate in the decisions of the investee company are initially accounted for at cost.

Equity Securities,in Which the Investor Lacks the Ability to Participate