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GAAP does not dictate how a company records its investment in a subsidiary. The book discusses the simple equity method and the cost method. My

GAAP does not dictate how a company records its investment in a subsidiary. The book discusses the simple equity method and the cost method. My question to you is which do you think is the better method? If you were the accountant in charge of maintaining the ledger for the companies, which would you recommend to management and why

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