Which of the following statements is true regarding an investee that received a dividend distribution from an entity and is presumed to have little influence over the entity?

Question

Options

• AThe cash dividends received increase the investee investment account accordingly.
• BThe investee must adjust the investment account by the ownership interest
• CThe investment account is adjusted downward by the percentage of ownership.
• DThe investee must record the cash dividends as dividend revenue

• A
  15% (5)
• B
  3% (1)
• C
  6% (2)
• D
  76% (26)

Explanation

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