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What olde corp should record a cash dividend received

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Reference no: EM132779536

Problem 1: Olde Corp. accounts for its investment in the common shares of Young Inc. under the equity method. Olde Corp. should record a cash dividend received from Young as

Select one:

a. dividend income.

b. an addition to the carrying value of the investment.

c. additional paid-in capital.

d. a reduction of the carrying value of the investment.

Reference no: EM132779536

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