A typical pre-acquisition consolidation worksheet entry to eliminate a parent entity's investment in a subsidiary would include the following entry:
A) DR Share capital of parent $X;
B) CR Share capital of subsidiary $X;
C) CR Shares subsidiary $X;
D) DR Shares of subsidiary $X.

Question

Quizplus · Accepted Answer

The Answer of A typical pre-acquisition consolidation worksheet entry to eliminate a parent entity's investment in a subsidiary would include the following entry:
A) DR Share capital of parent $X;
B) CR Share capital of subsidiary $X;
C) CR Shares subsidiary $X;
D) DR Shares of subsidiary $X.

A Typical Pre-Acquisition Consolidation Worksheet Entry to Eliminate a Parent