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A) Retained Earnings \quad \quad Investment in Subsidiary
B) Investment in Subsidiary

Question 111

Multiple Choice

A) Retained earnings
\quad\quad Investment in subsidiary
B) Investment in subsidiary
\quad\quad Retained earnings
C) Investment in subsidiary
\quad\quad Equity in subsidiary's income
D) Investment in subsidiary
\quad\quad Additional paid-in capital
E) No entry is necessary.
-When a company applies the partial equity method in accounting for its investment in a subsidiary and initial value,book values,and fair values of net assets acquired are all equal,what consolidation worksheet entry would be made?


A) A above
B) B above
C) C above
D) D above
E) E above

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