All of the following statements regarding the investment, Financial Accounting

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All of the following statements regarding the investment

All of the following statements regarding the investment account using the equity method are true, except

a. the investment is recorded at cost.

b. dividends received are reported as revenue.

c. net income of investee increases the investment account.

d. dividends received reduce the investment account.

e. amortization of fair value over cost reduces the investment account

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Financial Accounting: All of the following statements regarding the investment

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Financial Accounting: All of the following statements regarding the investment

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