If the parent company uses the cost method to account for its investment in a non-wholly owned subsidiary in its internal accounting records, which of the following statements is FALSE?

Question 8Select one:

a.

The dividend declared from subsidiary will be reported as income in the parent's income statement.

b.

the balance of the investment in subsidiary will not change.

c.

Investment in Subsidiary account will be eliminated upon consolidation

d.

The dividend declared from subsidiary will be reported a credit to investment in subsidiary