Question: Answer the following questions, True or False: 1- The equity method is the only method for investment if ownership is above 50% and there is

Answer the following questions, True or False:

1- The equity method is the only method for investment if ownership is above 50% and there is a control.

True

False

2- Cost method should be used only if less than 20% ownership and there is no control present.

True

False

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