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?
align=”left”>
Available-for-sale |
Equity |
|
a. |
No |
No |
b. |
Yes |
Yes |
c. |
Yes |
No |
d. |
No |
Yes |