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Assume Intervale Railway is considering investing in Pale Co. stock for three months. The investment will represent 5% of the voting stock of Pale Co.

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Assume Intervale Railway is considering investing in Pale Co. stock for three months. The investment will represent 5% of the voting stock of Pale Co. How would the investment be classified? a. Significant influence equity investment b. No significant influence equity investment c. Held-to-maturity debt investment d. Controlling interest equity investment

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