Complete equity method


If the parent company uses the complete equity method when accounting for its wholly-owned subsidiary on its own books:

a) the parent's total assets will equal consolidated assets.

b) the parent's net income will equal consolidated net income

c) the parent's revenues will equal consolidated revenues.

d) the parent's total long-term assets will equal consolidated long-term assets.

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Accounting Basics: Complete equity method
Reference No:- TGS090331

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