If Father Company owns 17% of the common stock of Daughter Company, then Father Company typically (Points : 5)

A )would record dividends received from Daughter Company as investment revenue. B) would record 17% of the net income of Daughter Company as investment income each year. C) would increase its investment account by 17% of Daughter Company income each year. D) All of the above

13. (TCO 1) The capitalized cost of land excludes (Points : 5) A) maintenance. B) purchase price. C) razing old buildings. D) closing costs.