When a parent uses the partial equity method throughout the year to account for its 80% investment in an acquired subsidiary, which of the following statements is true at the date immediately preceding the date on which adjustments are made on the consolidated worksheet?
a) parent company net income equals consolidated net income. b) parent company retained earnings equals consolidated retained earnings. c) parent company total assets equals consolidated total assets. d) parent company dividends equal consolidated dividends. e) goodwill is recorded on the parent's books.

The correct answer is D) Parent company dividends equal consolidated dividends.

Explanation:

When economic, financial and administrative links are created between two legally independent entities, where it presents a subordination relationship, a series of reports that integrate the financial statements must be prepared, consolidating those of one company with the other.

The consolidation of the balances between a parent and a subsidiary is achieved by integrating the accounts of each of them, eliminating accounts such as:

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

answer; commerce clearing house;