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If a parent company uses the cost method to account for its investment in subsidiary on its own books, after eliminating entry (C), the parent's
If a parent company uses the cost method to account for its investment in subsidiary on its own books, after eliminating entry (C), the parent's investment account must be adjusted before doing elimination (E), in an amount equal to Select one: a. the change in the subsidiary's retained earnings and AOCI, adjusted for revaluation write-offs, from the date of acquisition to the end of the current year. b. the subsidiary's retained earnings and AOCI balances, adjusted for revaluation write-offs from the date of acquisition to the beginning of the current year. c. the change in the subsidiary's retained earnings and AOCI, adjusted for revaluation write-offs, from the date of acquisition to the beginning of the current year. d. the change in the subsidiary's retained earnings and AOCI from the date of acquisition to the beginning of the current year
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