When recording dividends received from a stock investment accounted for using the equity method, which of the
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When recording dividends received from a stock investment accounted for using the equity method, which of the following statements is true?
a. Total assets are increased and net income is increased.
b. Total assets are increased and total stockholders’ equity is increased.
c. Total assets are decreased and total stockholders’ equity is decreased.
d. Total assets and total stockholders’ equity do not change.
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The answer is b Total assets are increased and total stockholders equity is ...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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