The Long-term Investments account is debited for the receipt of a dividend on an equity method investment because the dividend increases the investee's equity

As long as a firm has a positive level of retained earnings, it can pay a dividend

Indicate whether the statement is true or false

China is in an early state of development, with a per capita income that is still less than ________, one-fifth of the per capita income in the United States

A) $5,000 B) $10,000 C) $25,000 D) $50,000