Q.11

When a company applies the initial value method in accounting for its investment in a subsidiary, and the subsidiary reports income in excess of dividends pald, what entry would be made to convert to full-accrual totals in a consolidation worksheet for the second year? A) B) c) Retained earnings Investment in subsidiary Investment in subsidiary Retained earnings Investment in subsidiary Equity in subsidiary's income Equity in subsidiary's income Investment in subsidiary Additional paid-in capital Retained earnings D) E) Multiple Choice Dabove. . B above. Retained earnings Mutiple Choice Dabove Babove A above E above Cabove