Question: Item 6 A necessary condition to use the equity method of reporting for an equity investment is that the investor company must Multiple Choice have

Item 6
A necessary condition to use the equity method of reporting for an equity investment is that the investor company must
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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