What does "one-line consolidation" refer to?
A)Cost method
B)Equity method
C)Direct method of consolidation
D)Worksheet method of consolidation

Question

Quizplus · Accepted Answer

One-line consolidation refers to the equity method of accounting, where an investor records its share of the investee's net income or loss in a single line on its income statement. This method is used when the investor has significant influence over the investee but does not control it outright.

What Does "One-Line Consolidation" Refer To