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How does P & G, which owns 90% of Gillette Company, report its equity investment in Gillette Company on the balance sheet? a)Gillette's majority owned
How does P & G, which owns 90% of Gillette Company, report its equity investment in Gillette Company on the balance sheet?
a)Gillette's majority owned assets and liabilities are consolidated and comingled with P & G assets and liabilities.
b)Gillette's majority owned assets and liabilities are reported separately under "Other Investments at Cost."
c)Gillette's majority owned assets and liabilities are reported as "Marketable Securities."
d)Gillette's majority owned assets and liabilities are reported as "Securities Available for Sale."
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