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Which of the following statements is true for the cost method? Select one: o a. Dividends and interest earned are recognized in current income O

Which of the following statements is true for the cost method? Select one: o a. Dividends and interest earned are recognized in current income O b. Trading investments are reported using the cost method o C. The investment is adjusted to fair value at year end o d. Passive equity investments may be reported using the cost method

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