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Consolidated Retained Earnings at the End of the Year Equals

Question 19

Multiple Choice

Consolidated retained earnings at the end of the year equals:

A) Beginning retained earnings of the parent plus beginning retained earnings of the subsidiary, plus consolidated net income less declared dividends of the parent and the subsidiary.
B) Beginning retained earnings of the parent plus consolidated net income and consolidated other comprehensive income, less declared dividends of the parent and the subsidiary.
C) Beginning retained earnings of the parent plus consolidated net income less declared dividends of the parent.
D) Beginning retained earnings of the parent plus consolidated net income less declared dividends of the parent and the subsidiary.

Correct Answer: