Complete the following descriptions by filling in the blanks. 1. A long-term investment classified as equity securities
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1. A long-term investment classified as equity securities with controlling influence implies that the investor can exert a ________ influence over the investee.
2. The controlling investor is called the ________, and the investee is called the ________ .
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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