Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recordi

Zach Company owns 40% 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 Corporation's entry would include a
a. Credit to the investment account for $8,000
b. Debit to the investment account for $20,000
c….

 

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