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When recording the consolidation entry (G) in the year following the transfer for a downstream transfer, companies that use the equity method would debit: Sa

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When recording the consolidation entry ("G) in the year following the transfer for a downstream transfer, companies that use the equity method would debit: Sa O a. Retained earnings (beginning balance of the subsidiary) O b. Retained earnings (beginning balance of the parent) Oc. Cost of goods sold (subsidiary) O d. None of the given answers o e. Investment in subsidiary (parent) 1 Fin

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