• When a subsidiary is acquired sometime after the first day of the fiscal year, which of the following statements is true?
• A.Income from subsidiary is not recognized until there is an entire year of consolidated operations
• B.Income from subsidiary is recognized from date of acquisition to year-end
• C.Excess cost over acquisition value is recognized at the beginning of the fiscal year
• D.No goodwill can be recognized
• E.Income from subsidiary is recognized for the entire year

ASAP