Define the cost and equity methods or accounting for an investment. Under what circumstances would you use the cost or equity method of accounting

Define the cost and equity methods or accounting for an investment. Under what circumstances would you use the cost or equity method of accounting for an investment? Why are the percentages of ownership only a guideline when accounting for an investment?

Define the cost and equity methods or accounting for an investment. Under what circumstanceswould you use the cost or equity method of accounting for an investment? Why are thepercentages of…