When the Parent Company Sells a Portion of Its Investment

Multiple Choice

When the parent company sells a portion of its investment in a subsidiary, the workpaper entry to adjust for the current year's income sold to noncontrolling stockholders includes a:

A) debit to Subsidiary Income Sold.
B) debit to Equity in Subsidiary Income.
C) credit to Equity in Subsidiary Income.
D) credit to Subsidiary Income Sold.