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Question Content Area Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation
Question Content Area
Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $9,200 net loss. Zach Company's entry would include a
a. credit to cash for $4,140
b. credit to the investment account for $4,140
c. credit to a loss account for $4,140
d. debit to the investment account for $4,140
Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $9,200 net loss. Zach Company's entry would include a a. credit to cash for $4,140 b. credit to the investment account for $4,140 c. credit to a loss account for $4,140 d. debit to the investment account for $4,140Step by Step Solution
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