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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 $10,900

Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $10,900 net loss. Zach Company's entry would include a a. credit to the investment account for $4,905 b. credit to cash for $4,905 c. credit to a loss account for $4,905 d. debit to the investment account for $4,905
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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 $10,900 net loss. Zach Company's entry would include a a. credit to the investment account for $4,905 b. credit to eash for $4,905 c. credit to a loos account for $4,905 d. debit to the investmena account for $4,905

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