An Investor Who Is Using the Equity Method Records Dividends

question 115

Multiple Choice

An investor who is using the equity method records dividends declared by the associate by

• A)crediting the loss from associates account.
• B)crediting the income from associates account.
• C)crediting the dividend income account.
• D)crediting the investment in associates account.

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Definitions:

Temple of the Sun

A term often used to refer to various religious structures dedicated to sun worship or solar deities in different ancient cultures, including the Incan, Egyptian, and Aztec civilizations.

Cuzco

The historical capital of the Inca Empire, located in present-day Peru, renowned for its archaeological remains and Spanish colonial architecture.

Pilgrimage Site

A location of great spiritual or religious significance that believers travel to as an act of devotion or penance.

Aztecs

A Mesoamerican culture that flourished in central Mexico in the post-classic period before the Spanish conquest, known for their architectural, mathematical, and astronomical achievements.