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Determine zach company owns of the voting stock

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Reference no: EM132460380

Problem 1: Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $16,600 net loss.

Zach Company's entry would include a

Point a. debit to the investment account for $6,640

Point b. credit to the investment account for $6,640

Point c. credit to cash for $6,640

Point d. credit to a loss account for $6,640

Reference no: EM132460380

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