If the parent company uses the equity method to record its investment in a subsidiary in its internal accounting records, which of the following statements is FALSE? Multiple Choice Only the parent's share of the subsidiary's income, dividends and amortization of acquisition differential are recorded in the investor's records. The parent's retained . A 11C ^ 7:14 PM 10/1/2021 The parent's retained earnings will be equal to consolidated retained earnings. The parent's net income equals consolidated net income. The parent's net income equals consolidatenet income attributable to the shareholders of the parent