If the Equity Method Is Being Used, the Income from Associates

question 103

Multiple Choice

If the equity method is being used, the Income from Associates account is

• A) 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 net income is reported by the investee.

---

Definitions:

STP (Shielded Twisted Pair)

Network cable with extra foil to prevent outside noise from interfering with data on the cable.

Loopback Plug

A device used to test the ports of a computer by plugging it into a port and sending signals through it, verifying the operation and responsiveness of the port by looping the signal back to the source.

NIC (Network Interface Card)

A port on a device that allows connectivity to a network. A NIC can connect to a wired or wireless network.

Cable Tester

A tester that checks coaxial and UTP cable ends (depending on the model) to determine if cable terminals are suitable for use.