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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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