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Asked by matto121
1. Under the equity method, the investor...
1. Under the equity method, the investor ________.
A) must debit the Long-term Investments account when a dividend is received
B) must record its percentage share of the investee's net income
C) must use the LIFO method for tax purposes
D) debits the Revenue from Investments when the investee reports income
Answer & Explanation
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Answered by tutor_olivia
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Answered by ruchi26
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