• When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements isfalsebefore making adjustments on the consolidated worksheet?
• A.Parent company net income equals controlling interest in consolidated net income
• B.Parent company retained earnings equals consolidated retained earnings
• C.Parent company total assets equals consolidated total assets
• D.Parent company dividends equals consolidated dividends
• E.Goodwill will not be recorded on the parent's books