17. T F Recognizing dividend revenue under the equity method would double-count income. 18. T F When using the equity method, dividends from the investee are accounted for by debiting Cash and crediting Dividend Revenue. 19. T F An investor with significant influence over an investee may choose to report the investme as a trading security 20. T F The accounting for dividends is the same under available-for-sale securities and equity method investments but differs with trading securities. 21. T F Utah Corporation owns 35% of Nevada, Inc., but has no ability to influence Nevada's operations. Utah cannot account for stocks of Nevada using the equity method. 22. T F Control is gained on another company only when a company owns 100% of the stock of another 23. T F A company must prepare consolidated financial statements when it owns over 50% of the other company's outstanding st[ck