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How Do Consolidation Entries on a Worksheet Affect the Stockholders

Question 14

Multiple Choice

How do consolidation entries on a worksheet affect the stockholders' equity of parent and subsidiary corporations?


A) Neither investment in subsidiary nor the subsidiary's stockholders' equity will be presented.
B) Both investment in subsidiary and the stockholders' equity of the parent will be eliminated.
C) Investment in subsidiary will be presented, but the stockholders' equity of the subsidiary will be eliminated.
D) The stockholders' equity of the parent will be eliminated, but investment in subsidiary will be presented.

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