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Which of the following statements regarding minority passive investments in stock securities is correct? ...

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Accounting

Which of the following statements regarding minority passive investments in stock securities is correct?
Multiple Choice
Investments lacking significant influence are considered minority passive investments.
Unrealized gains or losses will bypass the income statement until the investment is sold.
Investments are reported at the lower of cost or net realizable value.
All investments classified as minority passive must be reported at fair value.

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