Question

Marshmallow, inc., accounted for an investment in sweet wheat cracker co. using the equity method. during the current year, marshmallow sold a sizable portion of the security interest, such that marshmallow no longer holds significant influence over sweet wheat cracker. marshmallow suspects the equity method is no longer appropriate.
which section of the accounting standard codification best provides the clearest indication of marshmallow's change in accounting for this investment?

Answer 1

The section of the Accounting Standard Codification that is most relative to Marshmallow's change in Accounting is FASB ASC 235-10-50-4.

What accounting standard codification caters for Marshmallow Inc.?

This is an accounting standard code that caters for things such as mergers,  intangible stock amortization, and depreciation.

It would therefore show Marshmallow the appropriate accounting standard for leaving a merger.

Find out more on accounting standard codification at brainly.com/question/13610664.

#SPJ1