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  3. armando company owns 17,000 of the 70,000 shares o

Armando Company owns 17,000 of the 70,000 shares of common stock outstanding of Tito Company...

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Question

Accounting

Armando Company owns 17,000 of the 70,000 shares of common stock outstanding of Tito Company and exercises a significant influence over its operating and financial policies. The investment should be accounted for by the

cost method

cost or market method

market method

equity method

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