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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
Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $8,700 net loss. Zach Company's entry would include a a. credit to the investment account for $3,915 b. credit to cash for $3,915 c. credit to a loss account for $3,915 d. debit to the investment account for $3,915
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