Regarding the investment account using the equity method

Assignment Help Financial Accounting

Reference no: EM131292012

All of the following statements regarding the investment account using the equity method are true, except

a. the investment is recorded at cost.

b. dividends received are reported as revenue.

c. net income of investee increases the investment account.

d. dividends received reduce the investment account.

e. amortization of fair value over cost reduces the investment account

Reference no: EM131292012

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