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Perry, Inc. has investments in three companies. Which investments should be accounted for by Perry under the equity method? I. Anton Corp. - Common stock
Perry, Inc. has investments in three companies. Which investments should be accounted for by Perry under the equity method? I. Anton Corp. - Common stock owned 10% by Perry with nine other investors also owning 10% each. Perry, Inc. is not represented on the Board of Directors; but Perry also owns 70% of the preferred stock of Anton. II. Barb, Ltd. - Common stock owned 25% by Perry. Perry owns no preferred stock of Barb, Inc. III. Charles, Inc. - Common stock owned 75% by Perry. Charles has no preferred stock. O Anton, Barb, and Charles Anton and Barb Barb only O Charles only
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