The entry to establish reciprocity or convert from the cost to the equity method usually involves a
Question:
The entry to establish reciprocity or convert from the cost to the equity method usually involves a debit to Investment in Subsidiary and a credit to what account?
(A) Subsidiary’s end-of-the-year Retained Earnings
(B) Parent’s end-of-the-year Retained Earnings
(C) Parent’s beginning-of-the-year Retained Earnings
(D) Subsidiary’s beginning-of-the-year Retained Earnings
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