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Which should ordinarily record dividend received from walsh

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Reference no: EM132822635

Problem 1: Pence Corporation, which accounts for its investments in the common stock of Walsh Company by the equity method, should ordinarily record a dividend received from Walsh as

Option 1: An addition to the carrying value of the investment

Option 2: Dividend revenue

Option 3: A reduction of the carrying value of the investment

Option 4: Revenue from affiliate

Reference no: EM132822635

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