Gotham,whichpurchased35%ofKlestenResearchCenterin2005,restatesthelastthreeyearsoffinancialstatementstoaccountforthepurchase.Gothamhasnotelectedthefairvalueoption.InthefiscalyearendedDecember2008,whatisthe<em>mostlikely</em>effecttheKlesteninvestmentwouldhaveonGotham'sfinancialstatements? A: Decreaseincomeandassets. B: Increaseincomeandassets. C: Decreaseincomeandincreaseassets.
Gotham,whichpurchased35%ofKlestenResearchCenterin2005,restatesthelastthreeyearsoffinancialstatementstoaccountforthepurchase.Gothamhasnotelectedthefairvalueoption.InthefiscalyearendedDecember2008,whatisthe<em>mostlikely</em>effecttheKlesteninvestmentwouldhaveonGotham'sfinancialstatements? A: Decreaseincomeandassets. B: Increaseincomeandassets. C: Decreaseincomeandincreaseassets.
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