Question
Your client repoarts a long term investment in another company; your client owns 80% of the voting shares and has significant influence and control over
Your client repoarts a long term investment in another company; your client owns 80% of the voting shares and has significant influence and control over daily operations and management and its investment is at economic risk. How is this investment recorded in the financial statement of your client
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Financial Accounting
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
9th Edition
032418803X, 978-0324188035
