Under the acquisition method, what amount will be reported for consolidated retained earnings?
A) $1,065,000.
B) $1,080,000.
C) $1,525,000.
D) $1,535,000.
E) $1,560,000.

Question

Quizplus · Accepted Answer

Under the acquisition method, consolidated retained earnings are equal to the parent company's retained earnings, as the subsidiary's retained earnings are not included in the consolidated financial statements.

Under the Acquisition Method, What Amount Will Be Reported for Consolidated