Question
when a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary , which of the following statment
when a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary , which of the following statment is always true before making adjustments on the consolidated worksheet?
a)parent company total stockholders equity is always equal consolidated stockholders equity.
b)parent company total liability is equal consolidated total liabilities.
c)parent company total assets equals consolidated total assets.
d)parent company net income equal consolidated net income even if the parent owns less than 100% of the subsidiary.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started