Multiple Choice
If the equity method is being used, cash dividends received
A) are credited to the Dividend Revenue account.
B) do not require an entry because the investee's net income have already been recorded at the proper proportion on the investor's books.
C) are credited to the Investment in Associates account.
D) are credited to the Income from Associates account.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: On June 1, 2018, Mango Corp. purchased
Q5: Frisbee Inc. owns a 30% interest in
Q6: Using the fair value through profit and
Q7: If a company reporting under ASPE decides
Q8: On September 15, 2018, Alonso Ltd. sells
Q9: Under the equity method, the Investment in
Q11: Debt investments held to earn interest revenue
Q28: The degree of influence determines how a
Q57: Preferred shares are often purchased as strategic
Q61: Non-strategic investments can be classified as short