Why might a company prefer to own a 19.9% interest in an affiliate instead of a 20.1%

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Why might a company prefer to own a 19.9% interest in an affiliate instead of a 20.1% interest?

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Question Posted: Feb 20, 2015 09:30 AM

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Why might a company prefer to own a 19.9% interest in an affiliate instead of a 20.1%

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The Twenty percent is the common cutoff between the use of the market and equity method...View the full answer

Introduction to Financial Accounting

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