X & Question 10 Under the equity method, the investor O debits the Revenue from Investments when the investee reports income O must debit the Equity Investments account when a dividend is received O must use the LIFO method for tax purposes O must record its share of the investee's net income Question 11 When applying the rules of the equity method, the Equity Investments account is credited for the receipt of a cash dividend because O there is a decrease in the dividend liability O the dividend is treated as earnings rather than a return of capital O the dividend increases the total assets O the dividend decreases the investor's investment 3 3 pts