Question: Select all that apply When the parent applies the equity method and routinely transfers inventory downstream, which of the following consolidation entries are sometimes needed
Select all that apply
When the parent applies the equity method and routinely transfers inventory downstream, which of the following consolidation entries are sometimes needed to bring the Investment in Subsidiary account to a zero balance?
Multiple select question.
D for the parent's share of subsidiary dividends declared.
G for intraentity gross profits in ending inventory.
G for intraentity gross profits in beginning inventory.
I for the equity in subsidiary earnings recognized by the parent.
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