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Nom Ltd. owns 90 percent of Dorit Co. For internal reporting purposes, Nom uses the equity method. Nom's retained earnings under the equity method will
Nom Ltd. owns 90 percent of Dorit Co. For internal reporting purposes, Nom uses the equity method. Nom's retained earnings under the equity method will a. be higher than consolidated retained earnings. O b. be the same as consolidated retained earnings. O c. be lower than consolidated retained earnings. O d. include 90 percent of Dorit's retained earnings. /1 mar
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