Question: 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

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.

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