Flubber Corporation owns 40 percent of the voting stock of Rhim Corporation and accounts for the investment using the equity method; Rhim Corporation reports a net loss of $30,000 . Flubber Corporation's entry to record the share of loss is:
a. Loss, Rhim Corporation Investment 12,000
Investment in Rhim Corporation 12,000
b. Loss, Rhim Corporation Investment 12,000
Loss, Rhim Corporation Investment 12,000
c. Investment in Rhim Corporation 30,000
Cash 30,000
d. Investment in Rhim Corporation 12,000
Cash 12,000
A
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