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When the investor's level of influence changes, it may be necessary to change to the equity method from another method. When the level of ownership rises from less than 20% to a range of 20% to 50%, the equity method typically would become appropriate and the investment account balance should be:- Retrospectively adjusted to the balance that would have existed if the equity method had been in effect for prior years-Carried over as is with no adjustment necessary-Carried over at the fair value that exists on date of transfer-Adjusted to reflect amortized cost

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Karabo99

Answer:

Carried over at the fair value that exists on date of transfer

Explanation:

When the investor's level of influence changes, it may be necessary to change to the equity method from another method. When the level of ownership rises from less than 20% to a range of 20% to 50%, the equity method typically would become appropriate and the investment account balance should be:- Retrospectively adjusted to the balance that would have existed if the equity method had been in effect for prior years-Carried over as is with no adjustment necessary-Carried over at the fair value that exists on date of transfer-Adjusted to reflect amortized cost.

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