Question
Cash dividends declared out of current earnings were distributed to an investor. How willthe investor's investment account be affected by those dividends under each of
Cash dividends declared out of current earnings were distributed to an investor. How willthe investor's investment account be affected by those dividends under each of the following accounting methods:
Fair Value Method Equity Method
a. Decrease No Effect
b. No Effect Decrease
c. Decreasae Decrease
d. No Effect No Effect
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Principles Of External Auditing
Authors: Brenda Porter, David Hatherly, Jon Simon
3rd Edition
0470018259, 9780470018255
