Question: When a parent uses the equity method throughout the year to account for its 8 0 % investment in an acquired subsidiary, which of the

When a parent uses the equity method throughout the year to account for its 80% investment in an acquired subsidiary, which of the following
statements is false at the date immediately preceding the date on which adjustments are made on the consolidated worksheet?
Multiple Choice
Parent company net income equals controlling interest in consolidated net income.
Parent company retained earnings equals consolidated retained earnings.
Parent company total assets equals consolidated total assets.
Parent company dividends equals consolidated dividends.
Goodwill is not recorded on the parent's books.
When a parent uses the equity method throughout the year to

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