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All of the following statements regarding the investment account using the equity method are true except : Group of answer choices Dividends received are reported

All of the following statements regarding the investment account using the equity method are trueexcept:

Group of answer choices

Dividends received are reported as revenue.

Dividends received reduce the investment account.

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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