The Entry to Eliminate the Investment in Subsidiary Account Affects

Multiple Choice

The entry to eliminate the Investment in Subsidiary account affects:

A) total assets and total stockholders' equity reported by the consolidated company.
B) total assets reported by the parent company and total liabilities reported by the subsidiary company.
C) total equity reported by the parent company and total equity reported by the subsidiary company.
D) total assets and total liabilities reported by the consolidated company.