Which of the following statements regarding the equity method is false? Multiple Choice Earnings from Equity Method Investments is reported on the investor's Income statement The equity method is used for long-term Investments in equity securities with significant Influence. Using the equity method, long-term Investments with significant influence are recorded at cost when acquired. Under the equity method, dividends received by an Investor from an investee are recorded with a credit to the Dividend Revenue account The Earnings from Equity Method Investments account is a temporary account that is closed to the Income Summary account at each perlod-end, Which of the following statements regarding accounting for trading debt securities is false? Multiple Choice An unrealized gain or loss is recorded with an adjusting entry when the securities are sold The portfolio of trading securities is reported at fair value. An unrealized gain or loss is recorded with an adjusting entry at the end of each period. An unrealized gain or loss from a change in fair value is reported in the income statement Unrealized gains and losses are recorded in a temporary account that is closed to Income Summary at the end of each period