Which of the following is not one of the three ways of reporting on intercorporate equity investments?
a. Consolidated reporting as if the two separate legal entities are an accounting entity using the purchase method.
b. Consolidated reporting using the pooling method
c. Non-consolidation using the equity method of accounting
d. Non-consolidation using a fair market value approach
ANSWER: B
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What will be an ideal response?
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Indicate whether the statement is true or false
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Indicate whether the statement is true or false