Multiple Choice
A) Retained earnings
Investment in subsidiary
B) Investment in subsidiary
Retained earnings
C) Investment in subsidiary
Equity in subsidiary's income
D) Investment in subsidiary
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
Correct Answer:

Verified
Correct Answer:
Verified
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