An investor holds 1% of the outstanding stock of an investee. The investor plans to...
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Accounting
An investor holds 1% of the outstanding stock of an investee. The investor plans to hold the stock for a long time. The investor reports the dividends received from the stock as _______.
A) an increase in the investment on account
B) a decrease in the investment on account
C) dividend revenue on the income statement
D) equity in earnings of the investee on the income statement
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