Which of the following internal record-keeping methods can a parent choose to account for a subsidiary acquired in a purchase transaction?

cost or book value
cost, lower-of-cost-or-market-value, or equity
cost, equity, or partial equity
cost, equity, or book value
cost, lower-of-cost-or-market-value, or partial equity


Which one of the following varies between the equity, cost, and partial equity methods of accounting for an investment?

the amount of consolidated net income
total assets on the consolidated balance sheet
total equities on the consolidated balance sheet
total liabilities on the consolidated balance sheet
the amount of consolidated cost of goods sold