Question: When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is

  • When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements isfalsebefore making adjustments on the consolidated worksheet?
  • A.Parent company net income equals controlling interest in consolidated net income
  • B.Parent company retained earnings equals consolidated retained earnings
  • C.Parent company total assets equals consolidated total assets
  • D.Parent company dividends equals consolidated dividends
  • E.Goodwill will not be recorded on the parent's books

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