Question: If the entity is using the equity method to account for investment in subsidiary, the entry to recognize the proportionate share on the loss incurred

If the entity is using the equity method to account for investment in subsidiary, the entry to recognize the proportionate share on the loss incurred by the subsidiary will: (1 Point) Be recognized in the profit or loss Decrease the carrying amount of investment Be debited to a loss account All of the given choices are correct

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