Financial Accounting, 8th Edition
Financial Accounting, 8th Edition
8th Edition
ISBN: 9780078025556
Author: Robert Libby, Patricia Libby, Daniel Short
Publisher: McGraw-Hill Education
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Chapter E, Problem 6MCQ

When using the equity method of accounting, when is revenue recorded on the books of the investor company?

  1. a. When a dividend is received from the affiliate.
  2. b. When the fair value of the affiliate stock increases.
  3. c. When the affiliate company reports net income.
  4. d. Both (a) and (c).
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Financial Accounting, 8th Edition

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