ABC Corporation owns 12% of XYZs common shares. Is the cost method of report-ing the investment necessarily

Question:

ABC owns 12% of XYZ’s common shares. Is the cost method of report-ing the investment necessarily appropriate? Explain.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...