Question
Under the equity method, the investor records dividends received by crediting: a. Investment Income. b. Revenue from Investment. c. Dividend Revenue. d. Stock Investments. If
Under the equity method, the investor records dividends received by crediting:
| a. | Investment Income. | |
| b. | Revenue from Investment. | |
| c. | Dividend Revenue.
| |
| d. | Stock Investments.
|
If a short-term debt investment is sold, the Investment account is
| a. | credited for the fair value of the bonds at the sale date.
| |
| b. | debited for the cost of the bonds at the sale date.
| |
| c. | debited for the fair value of the bonds at the sale date.
| |
| d. | credited for the cost of the bonds at the sale date.
|
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
2nd edition
9780077493677, 78025516, 77493672, 9780077826482, 978-0078025518
