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QUESTION
Estero company uses the fair value/cost method to account for its 19% ownership in Pelican Corp. Which of the following will be a correct procedure
Estero company uses the fair value/cost method to account for its 19% ownership in Pelican Corp. Which of the following will be a correct procedure for the Investment account?
A. A debit to the investment account for dividends received.
B. A debit to the dividend income account for dividends received.
C. A credit to the investment expense account for dividends received.
D. A credit to the investment account for liquidating dividends received.
