Question: 2 . A parent company uses the equity method to account Tor ICS wholly-owned subsidiary. The company correctly uses this method and has fully reflected

2 . A parent company uses the equity method to account Tor ICS wholly-owned subsidiary. The company correctly uses this method and has fully reflected all items of subsidiary gain, loss, income, deductions, and dividends. If the parent company is preparing the consolidation working papers, which of the following will be a correct working paper procedure for the Investment account? a. A debit for a subsidiary loss and a credit for dividends received. b. A credit for subsidiary income and a debit for dividends received. C. A debit for subsidiary dividends received and a credit for a subsidiary loss. d. A credit for a subsidiary loss and a credit for dividends received

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