please can you help? Thanks When a parent Company uses the equity method to account...

60.1K

Verified Solution

Question

Accounting

please can you help? Thanks

When a parent Company uses the equity method to account for an investment in a subsidiary, why do both the parent's Net income and retained earnings account balances agree with the consolidated totals?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students