When the equity method is used, dividends received from the associated corporation are not recorded as investment income To record dividends as revenue involves double counting Explain ...

Under the equity method dividends received from the ...

When the equity method is used, dividends received from the associated corporation are not recorded as investment

Question:

When the equity method is used, dividends received from the associated are not recorded as investment income. To record dividends as revenue involves double counting. Explain.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...