1) For debt investments, what is the impact on the company's balance sheet or income statement from the periodic fair value adjustment as a result of the classification (held-to-maturity, available-for-sale, or trading) selected when the investment is initially purchased?
2) In terms of equity investments, is the percentage ownership interest in the investee the sole determinant of which accounting method to use?
3) For equity investments, what is the impact on the company's balance sheet or income statement from the periodic fair value adjustment as a result of the accounting method used? Hi
I want typed answer not handwritten