Question: Please provide a 3-4 paragraph response on the solution. You are auditing a company that owns twenty percent of the voting common stock of another

Please provide a 3-4 paragraph response on the solution.

You are auditing a company that owns twenty percent of the voting common stock of another corporation and uses the equity method to account for the investment How would you verify that the equity method is appropriate in this case? Be sure to provide the proper codification standard (and application of the standard) that supports your

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