Question: Describe how, despite the fact they include different accounts, conceptually, the [C] entry under the equity method of pre-consolidation bookkeeping is the same as the

Describe how, despite the fact they include different accounts, conceptually, the [C] entry under the equity method of pre-consolidation bookkeeping is the same as the [C] entry under the cost method of pre-consolidation bookkeeping.

[C] Income (loss) from subsidiary.. 151,000 Eliminate the Equity Income and intercompany dividends Dividends . . ..... 10,000 Equity investment 141,000

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