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On Consolidated Financial Statements, Where Does the Parent's Equity in the Net

Question 11

Multiple Choice

On consolidated financial statements, where does the parent's equity in the net income of the subsidiary account appear?


A) On the consolidated income statement, as an deduction from income
B) On the consolidated income statement, as a revenue
C) On the consolidated balance sheet, as an equity
D) Doesn't appear on the consolidated financial statements

Correct Answer:

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