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1 . Peel Company received a cash dividend from a common stock investment. Should Peel report an increase in the investment account if it carries
Peel Company received a cash dividend from a common stock investment. Should Peel report an increase in the investment account if it carries the investment at fair value or if it uses the equity method of accounting?
Fair Value Equity
a No No
b Yes Yes
c Yes No
d No Yes
Multiple Choice
a
b
c
d
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