Question: The entry to convert from the initial value method to the equity method usually involves a debit to Investment in Subsidiary account and a credit

The entry to convert from the initial value method to the equity method usually involves a debit to Investment in Subsidiary account and a credit to what account?
Multiple Choice
Subsidiarys end of the year Retained Earnings
Parents end of the year Retained Earnings
Subsidiarys beginning of the year Retained Earnings
Parents beginning of the year Retained Earnings
No entry is needed
The entry to convert from the initial value method to the equity method usually involves a debit to Investment in Subsidiary account and a credit to what account?
Multiple Choice
Subsidiarys end of the year Retained Earnings
Parents end of the year Retained Earnings
Subsidiarys beginning of the year Retained Earnings
Parents beginning of the year Retained Earnings
No entry is needed

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