Multiple Choice
If a company owns more than 20% of the stock of another company and the stock is being held as a long-term investment, which method would the investor normally use to account for this investment?
A) Effective method.
B) Fair value method.
C) Cost with amortization method.
D) Historical cost method.
E) Equity method.
Correct Answer:
Verified
Correct Answer:
Verified
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