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On January 1 , 2 0 2 2 , Dermot Company purchased 1 5 % of the voting common stock of Horne Corporation. On January

On January

1, 2022,

Dermot Company purchased

15 %

of the voting common stock of Horne Corporation. On January

1, 2024,

Dermot purchased

28 %

of Horne

s voting common stock. If Dermot achieves significant influence with this new investment, how must Dermot account for the change to the equity method?

Multiple Choice

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