Question: 1. Explain how to convert a parent company's cost-method pre-consolidation net income to equity method pre-consolidation net income. 2.What is the relation between the resulting

1. Explain how to convert a parent company's cost-method pre-consolidation net income to equity method pre-consolidation net income.

2.What is the relation between the resulting parent company equity method pre-consolidation net income and consolidated net income?

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