Question
When an investor owns 11 percent of an investee company and classified the securities as avaialable for sale, cash dividends received by the investor from
When an investor owns 11 percent of an investee company and classified the securities as avaialable for sale, cash dividends received by the investor from the investee should normally be recorded as:
A deduction from the Investment in Available-for-Sale Securities account.
Dividend Revenue.
An addition to the investment in Available-for-Sale Securities account for the investors share of the investees profit or loss.
A deduction from the Investment in Available-for-Sale Securities account from the investors share of the investees profit or loss.
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Managerial Accounting An Introduction To Concepts Methods And Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil, Sidney Davidson
7th Edition
0030259630, 978-0030259630
