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All of the following statements regarding the investment account using the equity method are true except Multiple Choice The investment is recorded at cost. Dividends

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All of the following statements regarding the investment account using the equity method are true except Multiple Choice The investment is recorded at cost. Dividends received are reported as revenue. Net income of investee increases the investment account Dividends received reduce the investment nccount Amortization of fair yolue oyer cost reduces the investment account

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