Olde Corp Accounts for Its Investment in the Common Shares of of Young

question 1

Multiple Choice

Olde Corp. accounts for its investment in the common shares of Young Inc. under the equity method. Olde Corp. should record a cash dividend received from Young as

• A) a reduction of the carrying value of the investment.
• B) additional paid-in capital.
• C) an addition to the carrying value of the investment.
• D) dividend income.

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