In Consolidation at December 31, 2019, What Adjustment Is Necessary

question 76

Multiple Choice

In consolidation at December 31, 2019, what adjustment is necessary for Hogan's Equipment account?

• A) $3,000 increase.
• B) $3,000 decrease.
• C) $2,700 increase.
• D) $2,700 decrease.
• E) No adjustment is necessary.