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If the Parent Company Used the Equity Method to Account

Question 41

Multiple Choice

If the parent company used the equity method to account for its investment and the subsidiary company showed a profit for the past year, the consolidation elimination entry required to remove a subsidiary's income from the parent's books prior to the preparation of Consolidated Financial statements would be:

A) If the parent company used the equity method to account for its investment and the subsidiary company showed a profit for the past year, the consolidation elimination entry required to remove a subsidiary's income from the parent's books prior to the preparation of Consolidated Financial statements would be: A) B) C) D)
B) If the parent company used the equity method to account for its investment and the subsidiary company showed a profit for the past year, the consolidation elimination entry required to remove a subsidiary's income from the parent's books prior to the preparation of Consolidated Financial statements would be: A) B) C) D)
C) If the parent company used the equity method to account for its investment and the subsidiary company showed a profit for the past year, the consolidation elimination entry required to remove a subsidiary's income from the parent's books prior to the preparation of Consolidated Financial statements would be: A) B) C) D)
D) If the parent company used the equity method to account for its investment and the subsidiary company showed a profit for the past year, the consolidation elimination entry required to remove a subsidiary's income from the parent's books prior to the preparation of Consolidated Financial statements would be: A) B) C) D)

If the Parent Company Used the Equity Method to Account

Multiple Choice

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