TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 66) Separate customer accounts receivable are called subsidiary accounts. 67) Under U.S. GAAP. plant assets are reported at book value on the balance sheet. 68 68) Short Company owns a 2% investment in the common stock of Long Company. The receipt of a cash dividend from Long will have no effect on Short's total equity. 69 69) Warranties pose an accounting challenge because a company does not know which or how many products will have to be repaired