_____ When a portion of common stock holdings in a subsidiary is sold and the common shares were acquired by the parent in block acquisitions, the method of relieving the investment account that best reflects the economics of the transaction is:
A) Specific identification.
B) First-in, first-out.
C) Last-in, first-out.
D) Average cost.
E) Equity.

Question

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The Answer of _____ When a portion of common stock holdings in a subsidiary is sold and the common shares were acquired by the parent in block acquisitions, the method of relieving the investment account that best reflects the economics of the transaction is:
A) Specific identification.
B) First-in, first-out.
C) Last-in, first-out.
D) Average cost.
E) Equity.

_____ When a Portion of Common Stock Holdings in a Subsidiary