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Assume Big invested $20,000 in Little and has been using the equity method. Assume that Bigs share of losses from Little has now exceeded $20,000.
- Assume Big invested $20,000 in Little and has been using the equity method. Assume that Bigs share of losses from Little has now exceeded $20,000. True or false: Big will continue to record its share of Littles losses, even though that will make the investment in Little account negative.
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Cost Accounting A Managerial Emphasis Revised
Authors: Charles T. Horngren, Monte Wynder, William Maguire, Rebecca Tan, Srikant Datar, Lester E. Heitger
1st Australian Edition
1442554770, 978-1442554771
