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Multiple Choice Question 48 Koehn Corporation accounts for its investment in the common stock of Sells Company under the equity method. Koehn Corporation should ordinarily

Multiple Choice Question 48

Koehn Corporation accounts for its investment in the common stock of Sells Company under the equity method. Koehn Corporation should ordinarily record a cash dividend received from Sells as

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additional paid-in capital.

a reduction of the carrying value of the investment.

dividend income.

an addition to the carrying value of the investment.

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