- ! ba on 12 A parent company uses the equity method to account for its wholly-owned subsidiary. Which of the following will be a correct procedure for the Investment account? gestion Select one: a. A debit for a subsidiary loss and a credit for dividends received b. A credit for a subsidiary loss and a credit for dividends received c. A credit for subsidiary income and a debit for dividends received d. A debit for subsidiary dividends received and a credit for a subsidiary loss Previous page Next page Return to: General ENG 40). O SUS - Wwwsnhk Folline Tochlo Dashboard My courses 20202 : - General - Question 13 not yet X Corporation owns 80 percent of the voting common shares of Y Corporation. Non-controlling interest was assigned $24,000 of income in the 2009 consolidated Income statement. What amount of net Income did Y Corporation report for the year? answered Marked out of 1.50 Flag question Select one: a. 240,000 b. 96,000 c. 150,000 120,000 Previous page Next page Return Gent - ENG ) 192 " Palestine Technic University Kado * Dashboard My courses 20202 - General - Question 14 A stock control occurs when one corporation takes over all the operations of another business entity, and that entity is dissolved. Not yet atswered Marked out of 1.00 Select one: True False P Flag question Previous page Next page Return to: General 9 !FI SUS Pale Tech University Karlore Dashboard My courses 20202 - General - Question 15 A parent's retained earning ledger accounts always are eliminated in the preparation of a consolidated balance sheet for the parent company and the subsidiary Tot yet answered Marked out of Select one: True False Ping Question Previous page Next page Return to General L ASUS