BA accounts for its investment in Iberia airline using the equity method, even though it holds only

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BA accounts for its investment in Iberia airline using the equity method, even though it holds only 13.15% of Iberia's equity. Is that approach consistent with U.S. GAAP? Explain.

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Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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