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A necessary condition to use the equity method of reporting for an equity investment is...

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Accounting

A necessary condition to use the equity method of reporting for an equity investment is that the investor company must

Multiple Choice

  • have the ability to exercise significant influence over the operating and financial policies of the investee.

  • own at least 30% of the investee's voting stock.

  • possess a controlling interest in the investee's voting stock.

  • not have the ability to exercise significant influence over the operating and financial policies of the investee.

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