Question: Question ( 2 ) Your client reports a long - term investment in another company; your client owns 8 0 percent of the voting shares
Question
Your client reports a longterm investment in another company; your client owns percent of the voting shares and has significant influence and control over daily operations and management ar investment is at economic risk. How is this investment recorded in the financial statements of your client?
As a debenture
As an investment in associates
As marketable securities
As a consolidated entity
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