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b Following is select information for Bell Company: 2020 Income Statement Equity Method Investment Income $120 Balance Sheet 2020 December 31, 2019 December 31 $0
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Following is select information for Bell Company: 2020 Income Statement Equity Method Investment Income $120 Balance Sheet 2020 December 31, 2019 December 31 $0 Equity Method Investment $180 During 2020, Bell made an equity method investment for cash at the very begining of the year. Bell also received cash dividends on the equity method investment of $40 during the year. Identify the items below that are TRUE. The operating section (indirect method) of the 2020 Cash Flow Statement included "Addback the increase in Equity Method Investments of $180" The operating section (indirect method) of the 2020 Cash Flow Statement included "Subtract Equity Method Income of $120" The financing section of the 2020 Cash Flow Statement included "Made Equity Method Investment of $180" The operating section (indirect method) of the 2020 Cash Flow Statement included "Add dividends received on Equity Method Investments of $40 Step by Step Solution
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