When using the equity method of accounting, when is revenue recorded on the books of the investor
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When using the equity method of accounting, when is revenue recorded on the books of the investor company
a. w hen the market \ alue of the investee stock increases
b. w hen a di\ idend is recei\ed from the investee
c. \s hen the investee company reports net income
d. both
(b) and (c)
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Related Book For
Financial Accounting
ISBN: 9780073208145
5th Edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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