Which of the following statements applying to the use of the equity method versus the cost method is true?

Group of answer choices

$$A parent company may incur a delay in closing its books while waiting for a subsidiary that it accounts for using the cost method to determine its income.

$$If no dividends were paid by the subsidiary, the investment account would have the same balance under both methods.

$$The method used has no impact on consolidated financial statements.

$$An advantage of the equity method is that no amortization of excess adjustments needs to be made on the consolidated worksheet.