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Estero company uses the cost method to account for its 19% ownership in Pelican Corp. Which of the following would be a correct procedure for
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Estero company uses the cost method to account for its 19% ownership in Pelican Corp. Which of the following would be a correct procedure for the Investment account?
A debit to the investment account for dividends received.
A debit to the dividend income account for dividends received.
A credit to the investment expense account for dividends received.
A credit to the investment account for liquidating dividends received.
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