Lowell owns 80% of Boston. At the end of the year when Lowell consolidates with...
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Accounting
Lowell owns 80% of Boston. At the end of the year when Lowell consolidates with Boston, which of the following statement is true?
Multiple Choice
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Parent company net income equals consolidated net income.
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Total Equity equals parent's stockholders' equity.
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Parent company total assets equals consolidated total assets.
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Parent company's reported net income equals consolidated net income minus consolidated net income attributable to NCI.
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Goodwill is recorded on the parents books
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