The entry to eliminate the Investment in Subsidiary account includes a:
A) debit to the investment account, credit to the common stock account and credit to the retained earnings account.
B) debit to the common stock account, debit to the retained earnings account and a credit to the investment account.
C) debit to the investment account, debit to the common stock account and credit to retained earnings.
D) debit to the investment account and credit to notes payable.
Correct Answer:
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