Tiger Corporation owns 45% of Rabbit Ltd. Tiger Corporation also owns 15% of Beaver Ltd....
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Accounting
Tiger Corporation owns 45% of Rabbit Ltd. Tiger Corporation also owns 15% of Beaver Ltd. Required:
a) Explain, if the ownership of Tiger Corporation in Rabbit Ltd and Beaver Ltd are sufficient to conclude on how the investments should be reported by Tiger Corporation.
b) Based on your response, include which method should be used for accounting investments in Rabbit Ltd.
c) Based on your response, include which method should be used for accounting investments
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