Multiple Choice
If 15% of the common stock of an investee company is purchased as a long-term investment, the appropriate method of accounting for the investment is:
A) the available-for-sale method (Market value method) .
B) the equity method.
C) the preparation of the consolidated financial statements.
D) agreed upon with owners of the remaining 90% of stock.
Correct Answer:
Verified
Correct Answer:
Verified
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