How Is the Consolidated Ending Retained Earnings Balance Calculated

Multiple Choice

How is the consolidated ending retained earnings balance calculated?

A) Add together the ending retained earnings of all the affiliated companies.
B) Add the beginning consolidated retained earnings to consolidated net income and subtract the parent company's dividends declared.
C) Adjust the parent company's opening retained earnings for the subsidiary's profits and dividends.
D) Adjust the parent company's ending retained earnings for the subsidiary's profits and dividends.