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Olde Corp. accounts for its investment in the common shares of Young Inc. under the equity method. Olde Corp. should record a cash dividend received

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Olde Corp. accounts for its investment in the common shares of Young Inc. under the equity method. Olde Corp. should record a cash dividend received from Young as Select one: O a. dividend income. O b. an addition to the carrying value of the investment. O c. additional paid-in capital. O d. a reduction of the carrying value of the investment.When an investor is using the equity method and receives dividends from the investee, the journal entry will include a Select one: O a. credit to the Investment account. b. debit to the Investment account. O c. credit to Retained Earnings. O d. credit to Dividend Income

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