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muttonbird inc. has 90% ownership of beach co., but should exclude beach under FASB 94 if : a. beach is in an regulated industry b.

muttonbird inc. has 90% ownership of beach co., but should exclude beach under FASB 94 if : a. beach is in an regulated industry b. muttonbird uses the equity method for beach. c. muttonbird expects to sell beach within a year. d. beach is in a foreign country and records its books in a foreign currency

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