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  3. a company made an initial investment of $576,000 f

A company made an initial investment of $576,000 for 20% of another compamy. Use the...

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Accounting

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A company made an initial investment of $576,000 for 20% of another compamy. Use the intomation below to fwi in the values below comparing the fairivalue and equity methods. Do not write $ when filling in your answers. If a number should be negative, write it in parentheses (). Fair-Value Method Income Reported Change to Investment Account Change to Investment Account Equity Method Income Reported Change to Investment Account If the investor were to increase their investment to 25% on 1/1/2025 when the fair value of the 3,000,000, what would the journal entry be to record the additional investment if they paid c Charge to Investment Account If the investor were to increase their investment to 25% on 1/1/2025 when the fair value of the investee totals 3,000,000, what would the journal entry be to record the additiolal investment if they paid cash? DR CR What is the balance in the investment account at the end of 2024 ? Fair Value Method Equity Method Comparing the methods in the previous problem, which method of accounting (fair value or equity broduces a higher investment balance recognized by the investor? Why is this

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