Zach company owns 40 of the voting stock of the

Reference no: EM13482459

Zach company owns 40% of the voting stock of the ThomasCorporation and uses the equity method in recording this investment. Thomas Company reported a $20,000 ner loss. Zach's Corporation would include a:

a)debit to the investment account for $20,000

b)debit to the investment account for $8,000

c)credit to the investment account for $8,000

d)debit to a loss account for $8,000

Reference no: EM13482459

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