Question: A necessary condition to use the equity method of reporting for an equity investment is that the investor company must 0 2 : 1 0

A necessary condition to use the equity method of reporting for an equity investment is that the investor company must
02:10:33
Multiple Choice
have the ability to exercise significant influence over the operating and financial policies of the investee.
own at least 30% of the investee's voting stock.
possess a controlling interest in the investee's voting stock.
not have the ability to exercise significant influence over the operating and financial policies of the investee.

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