Which of the following is false?
A)The cost model is used only for equity investments.
B)The cost model reports realized gains and losses on the statement of income.
C)The cost model is used to account for equity investments where there is significant influence.
D)The cost model is very similar to the amortized cost model.

Question

Quizplus · Accepted Answer

The cost model is not used for equity investments where there is significant influence; instead, the equity method is typically used in such cases.

Which of the Following Is False