On the consolidated financial statements for 2017, what amount should have been shown for Equity in Subsidiary Earnings?
A) $432,000.
B) $ -0-
C) $408,000.
D) $120,000.
E) $288,000.

Question

Quizplus · Accepted Answer

There is no information provided in the question about the earnings of the subsidiary, so the correct answer is $-0- for Equity in Subsidiary Earnings.

On the Consolidated Financial Statements for 2017, What Amount Should