Which statement is false concerning a comparison of a parent's books and the consolidated financial statements of the parent and its subsidiary, when the parent uses the complete equity method to report its investment in its subsidiary? O The parent's net income equals consolidated net income. O The parent's total assets are lower than consolidated total assets. O The parent's dividends for the year are lower than consolidated dividends. O The parent's retained earnings equals consolidated retained earnings.
Which statement is false concerning a comparison of a parent's books and the consolidated financial statements of the parent and its subsidiary, when the parent uses the complete equity method to report its investment in its subsidiary? O The parent's net income equals consolidated net income. O The parent's total assets are lower than consolidated total assets. O The parent's dividends for the year are lower than consolidated dividends. O The parent's retained earnings equals consolidated retained earnings.
Chapter19: Corporations: Distributions Not In Complete Liquidation
Section: Chapter Questions
Problem 4BCRQ
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