Question

ek beore mianight September 4 Menu Kriste- Change from the fair method to the equity method Assum ollowing additional information is available L The Cumulative Dividends Received from Investee a% of the cumulative Profits Recorded Fair Value Adjustment for 8% interest by Investee 45.000 90000 $127.500 Now, assume that the investor acquires an additional 20% interest in the investee and concludes t that it can now exert significant influence over the easure Required ovide the required journal entries to account for the change from the fair value method to the equty method for the General journal Description Debit Credit up