mdkdldpdpd4271 mdkdldpdpd4271

06-03-2024
Business

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When the parent uses the cost method to account for the investment in the sub, what entries are made on the parent's book to eliminate unrealized profit?
a) Debit Investment in Sub, Credit Retained Earnings
b) Debit Investment in Sub, Credit Equity
c) Debit Retained Earnings, Credit Investment in Sub
d) Debit Equity, Credit Investment in Sub

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