A is corrent. Per ASC Topic 274, business interests that constitute a large part of a person’s total assets should be shown separately from other investments. The estimated current value of an investment in a separate entity, such as a closely held corporation, a partnership, or a sole proprietorship, should be shown in one amount as an investment if the entity is marketable as a going concern.
B is incorrect. Per ASC Topic 274, business interest that constitute a large part of a person’s total assets should be shown separately from other investments. The estimated current value of an investment in a separate entity, such as a closely held corporation, a partnership, or a sole proprietorship, should be shown in one amount as an investment if the entity is marketable as a going concern.
B is incorrect. Per ASC Topic 274, business interest that constitute a large part of a person’s total assets should be shown separately from other investments. The estimated current value of an investment in a separate entity, such as a closely held corporation, a partnership, or a sole proprietorship, should be shown in one amount as an investment if the entity is marketable as a going concern.
D is incorrect. Per ASC Topic 274, business interest that constitute a large part of a person’s total assets should be shown separately from other investments. The estimated current value of an investment in a separate entity, such as a closely held corporation, a partnership, or a sole proprietorship, should be shown in one amount as an investment if the entity is marketable as a going concern.
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