If the Equity Method Is Being Used, the Revenue from Investment

question 58

Multiple Choice

If the equity method is being used, the Revenue from Investment in Associates account is

• A)another name for a Dividend Revenue account.
• B)credited when dividends are declared by the investee.
• C)credited when profits are reported by the investee.
• D)debited when profits are reported by the investee.

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Definitions:

Attitude-Improving Feedback

Feedback given with the intent to positively influence or change someone's attitude or perception towards a particular subject or activity.

External Locus

A belief that one's life events are largely influenced by external forces or the environment rather than by one's own efforts or attributes.

Attitude-Improving Feedback

Constructive criticism or suggestions provided with the intention of positively influencing someone's mindset or behavior.

Self-Absorbed

Preoccupied with one's own feelings, interests, or situations to the extent of overlooking the needs and concerns of others.