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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 $20,800
Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,800 net loss. Zach Company's entry would include a a. credit to cash for $8,320 Ob. debit to the investment account for $8,320 Oc. credit to the investment account for $8,320 Od. credit to a loss account for $8,320
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