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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. |
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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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