Question: Band Co . uses the equity method to account for its investment in Guard, Inc. common stock. How should Band record a 2 % stock

Band Co. uses the equity method to account for its investment in Guard, Inc. common stock. How should Band record a 2% stock
dividend received from Guard?
A. As dividend revenue at Guard's carrying value of the stock.
B. As dividend revenue at the market value of the stock.
C. As a reduction in the total cost of Guard stock owned.
D. As a memorandum entry reducing the unit cost of all Guard stock owned.
Band Co. uses the equity method to account for its investment

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