Home / Questions / Zach Company owns 40% of the voting stock of Tomas.

Zach Company owns 40% of the voting stock of Tomas.

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:


1) Credit to the investment account for $8,000


2) Debit to the investment account for $20,000


3) Debit to the investment account for $8,000


4) Debit to a loss account for $8,000

May 18 2018 Read more Less More

Answer (Solved)

question Subscribe To Get Solution

Recent Questions

Chat Now

Welcome to Live Chat

Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.

Please fill in the form