Question: Explain how to convert a parent companys cost-method pre-consolidation retained earnings to equity method pre-consolidation retained earnings. What is the relation between the resulting parent

Explain how to convert a parent companys cost-method pre-consolidation retained earnings to equity method pre-consolidation retained earnings. What is the relation between the resulting parent company equity method pre-consolidation retained earnings and consolidated retained earnings?

Please be specific. Please use your own words and do not copy and paste the answer from the test bank (I have it). Thank you!!!

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