airment loss would be impairment loss or 0 if goodwill is not impaired). . (Enter a positive number for the D Question 20 3 pts Which of the following is true about accounting for the investment in the subsidiary? O A gain on acquisition can be allocated for the non-controlling interest if the subsidiary's stock is undervalued in the market. The parent is allowed to use the cost method to account for the investment in its own books. None of these statements is correct. Both of these statements are correct. D Use the following information for the next 10 questions On January 1, 2019, Paris Company acquired 80% of the voting common stock of Sun Co. for $650,000 cash. The two companies had the following balance sheets on the date of acquisition MacBook Pro