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Which of the following statements is incorrect in regards to the equity method of accounting for investments? A. The investment account is decreased by the

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Which of the following statements is incorrect in regards to the equity method of accounting for investments? A. The investment account is decreased by the percentage of the investee's net loss. B. The investment account is increased by the percentage of the investee's net income C. The investment account is decreased by the percentage of the investee's dividends declared. D. The investment account is adjusted to fair value at the end of the reporting period

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