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The Parent Company Records Its Share of a Subsidiary's Income

Question 1

Multiple Choice

The parent company records its share of a subsidiary's income by:


A) crediting Investment in S Company under the partial equity method.
B) crediting Equity in Subsidiary Income under both the cost and partial equity methods.
C) debiting Equity in Subsidiary Income under the cost method.
D) none of these.

Correct Answer:

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