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Business, 16.03.2020 19:24 giovney

Penn Inc., a manufacturing company, owns 75 percent of the common stock of Sell Inc., an investment company. Sell owns 60 percent of the common stock of Vane Inc., an insurance company. In Penn's consolidated financial statements, should Sell and Vane be consolidated or reported as equity method investments (assuming there are no side agreements)

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Penn Inc., a manufacturing company, owns 75 percent of the common stock of Sell Inc., an investment...
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