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Equity in subsidiary earnings is used under the equity method and is calculated by eliminating the investment income recorded by the parent and replaced by

Equity in subsidiary earnings is used under the equity method and is calculated by eliminating the investment income recorded by the parent and replaced by adding across the subsidiary's revenues and expenses to the consolidated totals.

New accounts such as: Equity in Subsidiary Earnings, Investment in Subsidiary, and why Goodwill must be created?

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