1. What are upstream sales?

Select one:

a. Sales made by a subsidiary to another subsidiary

b. Sales made by a parent to a subsidiary

c. Sales made by a subsidiary to a parent

d.
Any sales made from one any company to another

2. What is consolidated retained earnings?

Select one:

a. Parents retained earnings only

b. Parents retained earnings plus Subsidiary retained earnings.

c. Parents retained earnings plus Parents share of the net increase in Subsidiary retained earnings since acquisition.

d. parents retained earnings plus Parents share of Subsidiary net income for the current year less parents share of Subsidiary dividends declared