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H3Ko H3Ko
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7 years ago
When applying the rules of the equity method, the Long-term Investments account is credited for the receipt of a cash dividend because ________.
A) there is an increase in dividend liability
B) the dividend increases the total assets
C) it increases the investor's investment
D) the dividend decreases the investor's investment
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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