5 On January 1, 2020, P Inc. acquired all of S Inc.'s common shares for cash equal to the stock's book value. The book value amounts of S assets and liabilities approximated their fair values, except that its building book value was more than fair values, In preparing P 2020 consolidated income statement ut of which of the following adjustments would be made? estion Select one: a. adjustments for gain b. Decrease depreciation expense c. Increase depreciation expense d. no entry 6 A corporation using the equity method of accounting for its investment in a 40% owned investee, which earned $20,000 and paid $5,000 in dividends the credit side of recording the income from subsidiary will be t of Select one: a. cash estion b. no entry c. income d. investment