Carnes Co.decided to use the partial equity method to account for its investment in Domino Corp.An unamortized trademark associated with the acquisition was $30,000,and Carnes decided to amortize the trademark over ten years.For 2009,Carnes' Equity in Subsidiary Earnings was $78,000.
Required:
What balance would have been in the Equity in Subsidiary Earnings account if Carnes had used equity accounting?

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The Answer of Carnes Co.decided to use the partial equity method to account for its investment in Domino Corp.An unamortized trademark associated with the acquisition was $30,000,and Carnes decided to amortize the trademark over ten years.For 2009,Carnes' Equity in Subsidiary Earnings was $78,000.
Required:
What balance would have been in the Equity in Subsidiary Earnings account if Carnes had used equity accounting?

Carnes Codecided to Use the Partial Equity Method to Account for for Its