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Which of the following results in an increase in the Equity in Investee Income account when applying the equity method? Multiple Choice(Select one) 1) Sale
Which of the following results in an increase in the Equity in Investee Income account when applying the equity method?
Multiple Choice(Select one)
1) Sale of a portion of the investment at a gain to the investor.
2) Amortizations, since date of purchase, of purchase price over book value on date of purchase.
3) Sale of a portion of the investment at a loss.
4) Investor's share of gross profit from intra-entity inventory sales for the prior year.
5)Amortizations of purchase price over book value on date of purchase.
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