Craft Corp. acquired all of the common stock of Pitts Co. in 2019. Pitts maintalned...

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Accounting

Craft Corp. acquired all of the common stock of Pitts Co. in 2019. Pitts maintalned iss
incorporation. Which of Craft's account balances would vary between the equity method and
the initial value method?
Common Stock, Goodwill, and Investment in Pitts Co.
Expenses, Goodwill, and Investment in Pitts Co.
Expenses, Investment in Pitts Co., and Equity in Subsidiary Earnings.
Goodwill, Investment in Pitts Co., and Retained Earnings.
Investment in Pitts Co., Equity in Subsidiary Earnings, and Retained Earnings.
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