A parent acquires the voting stock of a subsidiary on January $1,2023.$ Required revaluations of the subsidiary$$s net assets are:

Previously unreported identifiable intangibles valued at $$3$ million,with a remaining life of $10$ years, straight$-$line

Goodwill

It is now December $31,2025,$ three years after the acquisition. The goodwill is unimpaired during this period. The parent reports its investment in the subsidiary using the cost method. The subsidiary reports the following net income, other comprehensive income $($loss$),$ and dividends in the three years since the acquisition:

Net Income Other Comprehensive Income $($Loss$)$ Dividends

$2023$ $$600,000$ $$100$ $$100,000$

$2024700,000120100,000$

$2025750,000(50)150,000$

The following questions related to eliminating entries on the December $31,2025$ consolidation working paper.

Eliminating entry $($A$)$ includes:

Select one:

a$.$

A credit to beginning AOCI of $$220$

b$.$

A debit to Investment in Subsidiary of $$1,300,000$

c$.$

A credit to beginning retained earnings of $$500,220$

d$.$

A credit to beginning retained earnings of $$950,000$