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V125BC [204]
3 years ago
5

Winston Corporation owns 25% of the voting stock of Tole Corporation and uses the equity method in recording the investment. Tol

e Corporation reported a $50,000 net loss. Winston Corporation's entry would include a
a. debit to the investment account for $50,000.
b. debit to the cash account for $12,500.
c. debit to the investment account for $12,500.
Business
1 answer:
Usimov [2.4K]3 years ago
5 0

Answer:

c. debit to the investment account for $12,500.

Explanation:

The computation is shown below:

= Net loss reported × owning percentage

= $50,000 × 25%

= $12,500

Simply we multiplied the reported net loss and its owning percentage so that the accurate loss amount can come

Since it is a net loss, so it would be debited to the investment account for $12,500

Hence, all other options are wrong except option c.

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Answer:

warehousing

Explanation:

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forsale [732]

Answer:  

Guidelines to consider include:

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3. Knowing your audience

4. Expanding  audience

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6. Focusing on quality over quantity

7. Using the right tools

Explanation:

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