Question: When the parent has used the equity method its net

When the parent has used the equity method, its net income equals consoli dated net income attributable to its shareholders, and its retained earnings equal consolidated retained earnings. However, the parent's financial state ments are not the same as consolidated statements. On consolidated state ments, which assets and income are replaced from the parent's statements, and what are they replaced with?

View Solution:

Sale on SolutionInn
  • CreatedJune 08, 2015
  • Files Included
Post your question