If an investor uses the equity method to account for a long-term equity investment,then the investor records income when the investee reports net income.

Name: If an investor uses the equity method to account for a long-term equity investment,then the investor records income when the investee reports net income.
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Question

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When using the equity method, the investor's share of the investee's net income is recorded as income on the investor's income statement.

If an Investor Uses the Equity Method to Account for a Long-Term