When a parent company uses the equity method to account for investment in a subsidiary, the amortization
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Question:
When a parent company uses the equity method to account for investment in a subsidiary, the amortization expense entry recorded during the year is eliminated on a consolidation worksheet as a component of EntryI.What is the necessity of removing this amortization? Explain.
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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