微信扫一扫
实时资讯全掌握
| If Flitenight were to account for its Rocky Mountain investment as an investment in financial assets instead of the equity method, Flitenight’s 2004 income statement would reflect its investment in Rocky Mountain by including which of the following? A. Only a loss of $160,000. B. Nothing, since the cost of the acquisition is not adjusted until the asset is sold. C. Only income of $200,000. |