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  3. 10. koehn corporation accounts for its investment

10. Koehn Corporation accounts for its investment in the ordinary shares of Sells Company...

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Question

Accounting

10.

Koehn Corporation accounts for its investment in the ordinary shares of Sells Company under the equity method. Koehn Corporation should ordinarily record a cash dividend received from Sells as

a.

a reduction of the carrying value of the investment
b.

share premium
c.

an addition to the carrying value of the investment
d.

dividend income

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