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Select one: a. When using the equity method to account for an investment, receipt of cash dividends increases the equity method investment account. b. Management's
Select one: a. When using the equity method to account for an investment, receipt of cash dividends increases the equity method investment account. b. Management's intent and the marketability of a security determine whether a security will be classified as a long-term or short-term investment. c. When an equity security is sold, the sale proceeds are compared to the cost, and if the cost is greater than the proceeds, a gain on the sale of
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