The income from an equity investee is reported on one line, Ask an Expert

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The income from an equity investee is reported on one line of the investor company's income statement except when:

A-The cost method is used.

B-The investee has extraordinary or other "below the line" items.

C-The investor company is amortizing cost-book value differentials.

D-The investor company changes from the cost to the equity method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9412264

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