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The cost method of accounting for long-term investments in common stock is typically used when the investor: a. owns between 20% and 50% of the
The cost method of accounting for long-term investments in common stock is typically used when the investor:
a. | owns between 20% and 50% of the investee's outstanding common stock. |
b. | recognizes any goodwill when preparing consolidated financial statements. |
c. | owns less than 20% of the investee's common stock. |
d. | has a controlling interest. |
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