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  • May 10, 2011, 08:54 AM
    odaniel
    When the parent company sells a portion of its investment in a subsidiary, the workpa
    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.
  • May 10, 2011, 09:29 AM
    Just Looking

    Please read this first.

    Announcement:

    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.

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