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Assuming That LEO Uses the Equity Method to Account for Its

Question 36

Multiple Choice

Assuming that LEO uses the equity method to account for its investment in MARS, what would be the NET increase/decrease to the investment in MARS account during 2018?


A) $(49,200) .
B) $(41,700) .
C) $12,000.
D) $43,200.

Correct Answer:

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