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All of the following statements regarding the investment account using the equity method are true except. Multiple Choice amortization of fair value over cost reduces

All of the following statements regarding the investment account using the equity method are true except.

Multiple Choice

amortization of fair value over cost reduces the investment account.

dividends received are recorded as revenue.

dividends received reduce the investment account.

net income of investee increases the investment account.

the investment is recorded at cost

.

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