When an Investor Is Using the Equity Method and Receives

question 107

Multiple Choice

When an investor is using the equity method and receives dividends from the investee, the journal entry will include a

• A) credit to Dividend Revenue.
• B) credit to Retained Earnings.
• C) credit to the Investment account.
• D) debit to the Investment account.

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a general disdain for other cultures.

Hand Gesture

A hand gesture is a movement or position of the hand and/or arms used to convey an idea, instruction, emotion, or information.

Regard for Culture

The respect, consideration, and acknowledgment of the customs, beliefs, and practices of different societies or communities.

Persuasive Speaking

The skill of using rhetoric effectively to convince or influence others to adopt a particular viewpoint or take action.