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lete this question by entering your answers in the tabs below. Required A Required B Required C Assume that Herberts internal net income figures above
lete this question by entering your answers in the tabs below.
- Required A
- Required B
- Required C
Assume that Herberts internal net income figures above do not include any income from the subsidiary.
- If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 2021?
- What would be the amount of consolidated retained earnings on December 31, 2021, if the parent had applied either the initial value or partial equity method for internal accounting purposes?
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