Multiple Choice
On a consolidation worksheet, having used the equity method, what adjustment would be made for 2018 regarding the land transfer?
A) Debit retained earnings for $15,000.
B) Credit retained earnings for $15,000.
C) Debit retained earnings for $50,000.
D) Credit retained earnings for $50,000.
E) Debit investment in Stiller for $15,000.
Correct Answer:
Verified
Correct Answer:
Verified
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