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Business, 21.03.2020 09:46 dkdk31

Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000 net loss.

Zach Company's entry would include a:

a. debit to the investment account for $9,000

b. credit to cash for $9,000

c. credit to a loss account for $9,000

d. credit to the investment account for $9,000

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Answers: 1

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