18. The equity method of accounting for a consolidated company probably wilr ve useu proportion of its voting shares held is as low as: 18 percent. 20 percent. 50 percent. Any percent, as long as there is demonstrated significant influence. 23 percent. 19. A company received two one-year notes in payment for merchandise sold. One note had a face amount of $6,000 and was interest-bearing at an annual rate of 18 percent. The other note had a face amount of $7,080 and was non-interest-bearing (its implied interest rate was 18 percent). The total amount of cash ultimately to be received will be more for the interest-bearing note. Both notes will cause the same total interest to be recognized. The amount of interest revenue, which should be recognized, is more for the interest-bearing note. The amount, which should be credited to sales revenue, is more for the non-interest-bearing note. The non-interest-bearing note shows a higher book value immediately after the sale