219k views
5 votes
When a parent uses the equity method throughout the year to account for its 80% investment in an acquired subsidiary, which of the following statements is false at the date immediately preceding the date on which adjustments are made on the consolidated worksheet?

1 Answer

2 votes

Parent company total assets equals consolidated total assets

User Shetty
by
7.3k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.