Which of the Following Statements Regarding the Equity Method Is

question 15

Multiple Choice

Which of the following statements regarding the equity method is correct?

• A)to avoid double counting,dividends received from an associate are deducted from the carrying amount of the investment account.
• B)the investor records a journal entry to adjust the carrying amount of the asset "investment in associate" and record "share of profit or loss of associate" as income for the period
• C)the share of the investee's net assets taken up by an investor is its percentage ownership interest in the associate
• D)all of the above

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