Consolidation working papers

Assignment Help Accounting Basics

Reference no: EM13259445

On consolidation working papers, a subsidiary's income has

a. to be reduced from begining retained earnings

b. to be completely eliminated

c. to have an allocation between the noncontrolling interest share and the parent's share(which is eliminated)

d. only an entry in the parent company's general ledger.

Reference no: EM13259445

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