Question: In reporting consolidated earnings per share when there is a wholly owned subsidiary, which of the following statements are true or false? a) Parent company

In reporting consolidated earnings per share when there is a wholly owned subsidiary, which of the following statements are true or false?

a) Parent company earnings per share is equal to consolidated earnings per share when the partial equity method is used and acquisition-date fair value is less than book value.

b) Preferred dividends are not deducted from net income for consolidated earnings per share.

c) Parent company earnings per share is equal to consolidated earnings per share when the initial value method is used.

d) Parent company earnings per share equals consolidated earnings per share when the equity method is used.

e) Parent company earnings per share is equal to consolidated earnings per share when the partial equity method is used and acquisition-date fair value exceeds book value.

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