_____ Dividends declared by a subsidiary as shown in its analysis of retained earnings on the consolidation worksheet are
A) Added to the dividends declared by the parent in arriving at dividends declared to be reported in the consolidated analysis of retained earnings.
B) Eliminated in consolidation only if the parent uses the equity method.
C) Eliminated in consolidation only if the parent uses the cost method.
D) Eliminated in consolidation regardless of whether the parent uses the equity method or the cost method.
Correct Answer:
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Q53: _ When a parent company uses the
Q54: _ In the absence of knowing whether
Q55: _ Which of the following statements is
Q56: _ Under the equity method, a parent
Q57: _ If a subsidiary has always been
Q59: _ When a parent uses the equity
Q60: _ In the consolidated statement of retained
Q61: _ When a parent-subsidiary relationship exists, the
Q62: _ Dividends declared by a subsidiary are
Q63: _ Under the cost method, the parent's
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