Under the equity method of accounting for long-term investments in common stock, when a dividend is...

Transcribed Image Text:

Under the equity method of accounting for long-term investments in common stock, when a dividend is received from the investee company. no entry is necessary. the Stock Investments account is increased. O the Stock Investments account is deceased. the Dividend Revenue account is creafted. Under the equity method of accounting for long-term investments in common stock, when a dividend is received from the investee company. no entry is necessary. the Stock Investments account is increased. O the Stock Investments account is deceased. the Dividend Revenue account is creafted.