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Zach company owns 40% of the voting stock of the ThomasCorporation and uses the equity method in recording this investment. Thomas Company reported a $20,000 ner loss. Zach's Corporation would include a:

a)debit to the investment account for $20,000

b)debit to the investment account for $8,000

c)credit to the investment account for $8,000

d)debit to a loss account for $8,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797635

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