Multiple Choice
An investor holds 5% of the outstanding stock of an investee.The investor plans to sell the stock in two months.The investor reports the dividends received from the stock as ________.
A) an increase in the investment account
B) a decrease in the investment account
C) dividend revenue on the income statement
D) equity in earnings of the investee on the income statement
Correct Answer:

Verified
Correct Answer:
Verified
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