When using the equity method of accounting, when is revenue recorded on the books of the investor
Question:
When using the equity method of accounting, when is revenue recorded on the books of the investor company?
a. When the fair value of the affiliate stock increases.
b. When a dividend is received from the affiliate.
c. When the affiliate company reports net income.
d. Both b and c above.
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The correct answer d Both b and c above The equity method of a...View the full answer
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Related Book For 
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
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