What is the general rule for what percentage an entity must own in another company to account for the investment using the equity method?
a. The entity should own 20 to 50% of the other company’s outstanding voting stock.
b. The entity should own 5 to 10% of the other company’s outstanding voting stock.
c. The entity should own 50 to 90% of the other company’s outstanding voting stock.
d. The entity should own 10 to 20% of the other company’s outstanding voting stock.