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Question#2 Using the same facts as in Question #1 above, but, this time, Corporation A exerts significant influence over Corporation B by purchasing greater than
Question#2 Using the same facts as in Question #1 above, but, this time, Corporation A exerts significant influence over Corporation B by purchasing greater than 20% but less than 50% of the stocks of Corporation "B" at January 1, 2020, What method would be used by Corporation A to account for the investment?: Equity Method (c1) How will the accounting be done by Corporation A at the end of the year, December 31, 2020 to account for the investment? (c2) What accounts would be debited or credited at the end of the year? And how will the amounts be determined for these accounts at the end of the year
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