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odaniel
May 10, 2011, 08:54 AM
When the parent company sells a portion of its investment in a subsidiary, the workpaper entry to adjust for the current year's income sold to noncontrolling stockholders includes a ?
Debit to Subsidiary Income Sold.
Debit to Equity in Subsidiary Income.
Credit to Equity in Subsidiary Income.
Credit to Subsidiary Income Sold.

Just Looking
May 10, 2011, 09:29 AM
Please read this first.

Announcement: (https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)

You can find your answer in FASB Stmt 160. If you want to come back and answer this with your reasoning, we can make sure you understand. Thanks.