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If an investor owns more than 50% of an investee, how is the investment treated on their financial statement? Describe equity investment for each of

  • If an investor owns more than 50% of an investee, how is the investment treated on their financial statement?
  • Describe equity investment for each of the three levels of ownership. How do they differ?
  • What is the account called Valuation Allowance used for?

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