When a company applies the partial equity method in accounting for its investment in a subsidiary and the subsidiary's equipment has a fair value greater than its book value, what consolidation worksheet entry is made to convert to full-accrual totals in a year subsequent to the initial acquisition of the subsidiary?
A)A above.
B)B above.
C)C above.
D)D above.
E)E above.

Question

When a company applies the partial equity method in accounting for its investment in a subsidiary and the subsidiary's equipment has a fair value greater than its book value, what consolidation worksheet entry is made to convert to full-accrual totals in a year subsequent to the initial acquisition of the subsidiary? 
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 partial equity method in accounting for its investment in a subsidiary and the subsidiary's equipment has a fair value greater than its book value, what consolidation worksheet entry is made to convert to full-accrual totals in a year subsequent to the initial acquisition of the subsidiary? 
A)A above. 
B)B above. 
C)C above. 
D)D above. 
E)E above.

When a Company Applies the Partial Equity Method in Accounting