Peel Co. received a cash dividend from a common stock investment. Should Peel report an increase in the investment account if it has classified the stock as available-for-sale or uses the equity method of accounting?
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|
Available-for-sale |
Equity |
|
|
a. |
No |
No |
|
b. |
Yes |
Yes |
|
c. |
Yes |
No |
|
d. |
No |
Yes |