indicate whether each of the following statements is true or false 625276
Indicate whether each of the following statements is true or false.
Under the cost method, the investment account is adjusted when dividends are received.
The cost method should be used when a corporation makes a long-term investment of less than 20 percent, and there is no significant control.
In a stock split, the investor does not recognize revenue, but reduces the cost per share of stock.
Trading securities and available-for-sale securities should be grouped separately in applying the fair market value rules.
When making elimination entries, the entries are made only on the consolidated statements work sheet and not on the accounting records of the parent and subsidiary.