Question
1 1.4 points Save Answer In 2020, a Parent sold nondepreciable assets at a gain to an 80% owned Subsidiary Company. In 2021, the necessary
1 1.4 points Save Answer In 2020, a Parent sold nondepreciable assets at a gain to an 80% owned Subsidiary Company. In 2021, the necessary consolidated workpaper entry under the cost method is to: Odebit the Retained Earnings (Parent) account and credit the nondepreciable asset. Odebit the Noncontrolling interest and Retained Earnings (Parent) accounts, and credit the nondepreciable asset. debit the Nondepreciable asset, and credit the Retained Earnings (Parent). O debit the Nondepreciable asset, and credit the Noncontrolling interest and Investment in Subsidiary accounts. credit the noncontrolling interest and Retained Earnings (Parent) accounts, and debit the nondepreciable asset
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