Question
Irving Corporation invested in Nugent Company by purchasing a 10% interest in Nugent Company. Irving had no significant influence in Nugent. Over time, Irving acquired
Irving Corporation invested in Nugent Company by purchasing a 10% interest in Nugent Company. Irving had no significant influence in Nugent. Over time, Irving acquired more shares in Nugent, and in 2020, Irving's president became a member of the board of directors when its ownership interest reached 30% of Nugent. This change is ________.
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Accounting Information Systems Controls and Processes
Authors: Leslie Turner, Andrea Weickgenannt, Mary Kay Copeland
3rd edition
1119329566, 1119329565, 1119386179, 1119302110, 9781119302117 , 978-1119329565
