When a company applies the initial value method in accounting for its investment in a subsidiary, and the subsidiary reports income in excess of dividends paid, what entry would be made to convert to full-accrual totals in a consolidation worksheet for the second year? 
Definitions:
Warranty Liability
The legal obligation of a seller to compensate the buyer for defects or issues in the sold product or service that were guaranteed against in a warranty.
Nonconsumer Transaction
A transaction that primarily involves goods, services, or property intended for business or commercial purposes, rather than personal, family, or household use.
Personal Claims
Legal claims relating to or affecting a person's private rights, often involving compensation for personal harm or damage.
Defenses
Legal arguments and strategies used by a defendant to challenge the validity of the plaintiff's claims.
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