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Which of the following statements are true? Multiple Choice A) Firms that employ the...

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Accounting

Which of the following statements are true?
Multiple Choice
A) Firms that employ the equity method to account for an investment may switch to fair value and have the option to switch back to the equity method.
B) The fair value option in reporting investments will probably increase the volatility in earnings that results from using different measurement attributes in reporting related financial assets and financial liabilities.
C) Changes in fair value are reported within comprehensive income.
D) Fair values for financial assets and liabilities provide more relevant and interpretable information than cost or cost-based measures.

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