On a Work Sheet for a Consolidated Balance Sheet, One

Multiple Choice

On a work sheet for a consolidated balance sheet, one elimination entry:

A) debits notes payable to suppliers and credits notes receivable from vendors.
B) debits notes payable to customers and credits notes receivable from suppliers.
C) debits the subsidiary's stockholders' equity accounts and credits the parent company's Investment in Subsidiary account.
D) debits the parent company's Investment in Subsidiary account and credits the subsidiary's stockholders' equity accounts.