On 1/1/2019, the company X bought 90% of the shares of Y and resulted in a holding and dependent relationship between the two companies. Stock. The value at which the retained earnings account for company X changes in the consolidated budget on acquisition is an amount

Select one:
a. Increase of 10,000
b. Decrease by 5,000
c. An increase of 5,000
d. Decrease by 10,000

Answer rating: 100% (QA)

The detailed answer for the above question is provided below none of eithier abc or d To answer this ... View the full answer