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Investor Inc. owns 35% of the outstanding stock of Investee Company. During 2022, Investor received a $4,000 cash dividend which was declared and paid by
Investor Inc. owns 35% of the outstanding stock of Investee Company. During 2022, Investor received a $4,000 cash dividend which was declared and paid by the Investee. What effect did this have on Inventor's 2022 financial statements? (Assume that Investor has significant influence over Investee): Question 42Select one: a. Debit investment in associate by $4,000 b. Credit investment in associate by $4,000 c. Credit dividend income (or investment income) by $4,000 d. Debit dividend income (or investment income) by $4,000
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