Multiple Choice
A wholly-owned subsidiary reports income of $5 million, other comprehensive income of $100,000, and dividends of $1 million. There are no revaluation write-offs. Eliminating entry (C) reduces Investment in Subsidiary by:
A) $4,100,000.
B) $4,000,000.
C) $5,100,000.
D) $5,000,000.
Correct Answer:
Verified
Correct Answer:
Verified
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