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

question 10

Multiple Choice

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

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

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Definitions:

Recycle Bin

A folder on a computer where deleted files are temporarily stored, allowing for recovery before permanent deletion.

Trash Folder

A dedicated space in a digital environment where deleted files are temporarily stored before permanent deletion.

Operating System

The basic software that handles the administration of computer hardware and software resources while supplying general services for computer software.

Internal Hard Drive

A storage device located inside a computer that stores all the software, data, and information of the system.