If the cost method is used to account for a long-term investment in common stock, dividends received should be Select one: a. debited to the Stock Investments account. b. credited to the Dividend Revenue account. c. credited to the Stock Investments account. d. debited to the Dividend Revenue account. e. recorded only when 20% or more of the stock is owned.
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Home » Business » If the cost method is used to account for a long-term investment in common stock, dividends received should be Select one: a. debited to the Stock Investments account. b. credited to the Dividend Revenue account. c.