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/1 mark Carrington Ltd. acquired 35 percent of the common shares of Palo Ltd. Carrington uses the equity method to record this investment. In 20X0,
/1 mark Carrington Ltd. acquired 35 percent of the common shares of Palo Ltd. Carrington uses the equity method to record this investment. In 20X0, Palo reported a loss of $100,000 due to discontinued operations. How should Carrington report its share of the loss? O a. as part of net income from operations O b. as a separate line item O c. as part of other comprehensive income. O d. only in the notes to the financial statements Save Answer /1 mark
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