Zach Company Owns 45% of the Voting Stock of Tomas

Multiple Choice

Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000 net loss. Zach Company's entry would include a

A) Credit to cash for $9,000
B) Debit to the investment account for $9,000
C) Credit to the investment account for $9,000
D) Credit to a loss account for $9,000