Zach company owns 40% of the voting stock of the ThomasCorporation and uses the

Question

Zach company owns 40% of the voting stock of the ThomasCorporation and uses the equity method in recording thisinvestment. Thomas Company reported a $20,000 ner loss. Zach'sCorporation 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 Zach company owns 40% of the voting stock of the ThomasCorporation and uses the equity method in recording thisinvestment. Thomas Company reported a $20,000 ner loss. Zach'sCorporation 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

Explanation / Answer

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

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