Question: Which statement is false concerning a comparison of a parent's books and the consolidated financial statements of the parent and its subsidiary, when the parent

Which statement is false concerning a comparison of a parent's books and the consolidated financial statements of the parent and its subsidiary, when the parent uses the complete equity method to report its investment in its subsidiary? The parent's net income equals consolidated net income. The parent's total assets are lower than consolidated total assets. The parent's dividends for the year are lower than consolidated dividends. The parent's retained earnings equals consolidated retained earnings

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