Raleigh Corp. has an investment with a carrying value(equity method) on its books of $170,000 representing a30% interest in Borg Company, which suffered a $620,000loss this year. How should Raleigh Corp. handle its proportionateshare of Borg’s loss?
Raleigh Corp. has an investment with a carrying value
(equity method) on its books of $170,000 representing a
30% interest in Borg Company, which suffered a $620,000
loss this year. How should Raleigh Corp. handle its proportionate
share of Borg’s loss?
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