Multiple Choice
Which of the following statements about the equity method is NOT true?
A) The investment asset is valued at cost on acquisition.
B) The investment asset is increased for the investing company's share of the investee company's profit.
C) When the investee company pays a dividend, the investing company credits dividend revenue.
D) The investment asset is decreased for the investing company's share of the investee company's loss.
Correct Answer:

Verified
Correct Answer:
Verified
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