In a Situation Where the Investor Exercises Significant Influence Over

question 36

Multiple Choice

In a situation where the investor exercises significant influence over the investee, which of the following entries is not actually posted to the books of the investor?(I) Debit to the Investment account, and a Credit to the Equity in Investee Income account.(II) Debit to Cash (for dividends received from the investee) , and a Credit to Investment Income account.(III) Debit to Cash (for dividends received from the investee) , and a Credit to the Dividend Receivable.

• A) Entries I and II.
• B) Entries II and III.
• C) Entry I only.
• D) Entry II only.
• E) Entry III only.

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