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