LargeCo files on a consolidated basis with LittleCo.The subsidiary was acquired for $400,000 on January 1,Year 1,and it paid a $75,000 dividend to LargeCo at the end of both Year 2 and Year 3.

Question

Quizplus · Accepted Answer

The Answer of LargeCo files on a consolidated basis with LittleCo.The subsidiary was acquired for $400,000 on January 1,Year 1,and it paid a $75,000 dividend to LargeCo at the end of both Year 2 and Year 3.

LargeCo Files on a Consolidated Basis with LittleCo