Rafle Company purchased 100% of the outstanding voting shares of Duo Company at the beginning of 2016 for OMR 800,000. At the time of purchase, net loss OMR 60,000. What is the journal entry of Equity loss? Select one: a. Equity Loss Dr 40,000 Investment in Co., Cr 40,000 b. Equity Loss Dr 60,000 Investment in Co., Cr 60,000 c. Equity Loss Dr 800,000 Investment in Co., Cr 800,000 d. None of the other Points

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