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Armando Company owns 15,000 of the 50,000 shares of common stock outstanding of Tito Company and exercises a significant influence over its operating and financial

Armando Company owns 15,000 of the 50,000 shares of common stock outstanding of Tito

Company and exercises a significant influence over its operating and financial policies. The

investment should be accounted for by the

a. equity method

b. market method

c. cost or market method

d. cost method

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