Question

Palm Corporation owns 90% of the outstanding voting stock of Tree Company and Coconut Corporation owns...

Palm Corporation owns 90% of the outstanding voting stock of Tree Company and Coconut Corporation owns the remaining 10% of Tree's voting stock. On the consolidated financial statements of Palm Corporation and Tree, Coconut is

A .an affiliate.

B. a noncontrolling interest

C. an equity investee.

D. a related party.

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