IAS 28 Investment is associate

Dear John,
would appreciate if you could advise

according to IAS28 , investments in Associates , which , if any, of the following statement are correct?
1) Equity accounting will always be used when an investing company holds between 20% -50% of the equity shares in another company.
the statement is incorrect, how to phrase only it is correct?
2) Dividends received from an investment in associate will be presented as investment income in the consolidated ac
the statement is incorrect too how to phrase it only is correct

awaits your kind feedback