Greene Corporation pays $500,000 to acquire 40% of the voting stock of Universal Technologies,Inc.on May 5,2019.This investment will be classified as a(n)________.

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The investment will be classified as a significant influence equity investment because Greene Corporation has acquired 40% of the voting stock of Universal Technologies, Inc. This implies that Greene Corporation will have significant control over the management and operations of Universal Technologies, Inc. as per the guidance of accounting framework.

Greene Corporation Pays $500,000 to Acquire 40% of the Voting