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Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000
Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000 net loss. Zach Corporation's entry would include a: 1) Credit to the investment account for $8,000 2) Debit to the investment account for $20,000 3) Debit to the investment account for $8,000 4) Debit to a loss account for $8,000
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