True or False ________ a. Under the cost method for recording investments, dividends are recorded by reducing the Investment in Subsidiary asset account. ________ b. Under current GAAP additional...

________ a. Under the cost method for recording investments, dividends are recorded by reducing the Investment in Subsidiary asset account.

________ b. Under
current GAAP
additional depreciation due to market values in excess of book values no longer necessitates a reduction in the equity in subsidiary income (on the books of the parent) under the complete equity method.