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Paris Inc. has a 10% holding in the shares of Nice Co. In addition, one of Paris Inc.'s subsidiaries, Lyon Ltd., which is 70% owned,
Paris Inc. has a 10% holding in the shares of Nice Co. In addition, one of Paris Inc.'s subsidiaries, Lyon Ltd., which is 70% owned, also has a holding of 7% of the shares in Nice Co. Paris Inc. does not have any other ability to influence Nice Co. How should this investment be classified
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