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

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

Merckle Corporation Owns 40 Percent of the Voting Stock of Grant