When a company applies the initial value method in accounting for its investment in a subsidiary, and the subsidiary reports income in excess of dividends paid, what entry would be made to convert to full-accrual totals in a consolidation worksheet for the second year?
A)A above.
B)B above.
C)C above.
D)D above.
E)E above.

Question

When a company applies the initial value method in accounting for its investment in a subsidiary, and the subsidiary reports income in excess of dividends paid, what entry would be made to convert to full-accrual totals in a consolidation worksheet for the second year? 
A)A above. 
B)B above. 
C)C above. 
D)D above. 
E)E above.

Quizplus · Accepted Answer

The Answer of When a company applies the initial value method in accounting for its investment in a subsidiary, and the subsidiary reports income in excess of dividends paid, what entry would be made to convert to full-accrual totals in a consolidation worksheet for the second year? 
A)A above. 
B)B above. 
C)C above. 
D)D above. 
E)E above.

When a Company Applies the Initial Value Method in Accounting