Multiple Choice
If the equity method is used to account for a long-term investment in common stock, cash dividends received from the investee are recorded by the investor as:
A) a credit to the Investment account.
B) a credit to the Dividend Revenue account.
C) a debit to the Investment account.
D) no entry. There is no entry made to record dividends.
Correct Answer:
Verified
Correct Answer:
Verified
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