Question: When a parent applies the equity method and upstream intra - entity gross profits exist in the beginning inventory, the debit to the subsidiary's Retained

When a parent applies the equity method and upstream intra-entity gross profits exist in the beginning inventory, the debit to the subsidiary's Retained Earnings account in Consolidated Entry S Blank______ Consolidation Entry *G.
Multiple choice question.
is unaffected by
will increase by the debit to the subsidiary's Retained Earnings account in
will decrease by the debit to the subsidiary's Retained Earnings account in

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