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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 a. Credit to the investment account for $8,000 b. Debit to the investment account for $20,000 c. Debit to the investment account for $8,000 d. Debit to a loss account for $8,000
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