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Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
Edition 5ISBN: 978-1260575910Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
Edition 5ISBN: 978-1260575910 Exercise 43
When an investor elects the fair-value option for a significant influence investment, cash dividends received by the investor from the investee should be recorded as
A) A deduction from the investor's share of the investee's reported income.
B) A deduction from the investment account.
C) A reduction from accumulated other comprehensive income reported in stockholders' equity.
D) Dividend income.
A) A deduction from the investor's share of the investee's reported income.
B) A deduction from the investment account.
C) A reduction from accumulated other comprehensive income reported in stockholders' equity.
D) Dividend income.
Explanation
Verified
Verified
When the investor elects the fair-value ...
Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
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