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Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $11,000
Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $11,000 net loss. Zach Company's entry would include a Oa. credit to a loss account for $4,950 Ob. debit to the investment account for $4,950 Oc. credit to the investment account for $4,950 Od. credit to cash for $4,950
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