What amount would appear as Big Guy's investment in Humble Corp. on its June 30, 2020 consolidated balance sheet?
A) $9,600.
B) $12,000.
C) $360,000.
D)The Investment in Humble Account would not appear on the consolidated balance sheet.

Question

Quizplus · Accepted Answer

In a consolidated balance sheet, the investment in a subsidiary is not shown as a separate line item. Instead, the assets and liabilities of the subsidiary are combined with those of the parent company.

What Amount Would Appear as Big Guy's Investment in Humble