Flubber Corporation Owns 40 Percent of the Voting Stock of Rhim

Flubber Corporation owns 40 percent of the voting stock of Rhim Corporation and accounts for the investment using the equity method; Rhim Corporation reports a net loss of $30,000.Flubber Corporation's entry to record the share of loss is:

A) $\begin{array}{llr} \text { Loss, Rhim Corporation Investment} &12,000\\ \text { Investment in Rhim Corporation} &&12,000\\\end{array}$

B) $\begin{array}{llr} \text { Loss, Rhim Corporation Investment } & 12,000\\ \text { Loss, Rhim Corporation Investment } && 12,000\\\end{array}$

C) $\begin{array}{llr} \text { Investment in Rhim Corporation } &30,000\\ \text { Cash } &&30,000\\\end{array}$


D) $\begin{array}{l}\text { Investment in Rhim Corporation }&12,000 \\\text { Cash }&&12,000\end{array}$