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All of the following statements regarding the investment account using the equity method are true except: Multiple Choice dividends recelved reduce the investment account. dividends
All of the following statements regarding the investment account using the equity method are true
except:
Multiple Choice
dividends recelved reduce the investment account.
dividends recelved are recorded as revenue.
net income of investee increases the investment account.
amortization of fair value over cost reduces the investment account.
the investment is recorded at cost
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
