Question: Under US GAAP, which of the following statements regarding fair value through net income (FVTNI) classification for equity investments is true? The FVTNI classification is used when the investor has significant influence over the investee. The FVTNI classification requires the equity investment to be measured at fair value with changes recorded in the income statement. The FVTNI classification is primarily used for long-term investments held by financial institutions. The FVTNI classification allows for the recognition of dividends received from the equity investment.