Pablo Corp $($Parent$)$ acquired $100\%$ of Skip $($Subsidiary$).$ To create consolidated financial statements, Pablo elected to use the equity method for its pre$-$consolidation bookkeeping.$$As it pertains to the consolidating entries and consolidated financial statements, determine if the following statements are true or false.

A$.$ Sales reported on the consolidated income statement will equal just the Parent$$s sales.

B$.$ Consolidating entries are recorded on the Parent$$s books $($i$.$e$.,$ the Parent$$s general ledger$).$

C$.$ At a point in time, the AAP $($Acquisition Accounting Premium$)$ component of the Parent$$s Equity Investment reflects unamortized premium balances.

D$.$ The $[$C$]$ consolidating entry eliminates the current$-$period changes in the Parent$$s Equity Investment account.