Which One of the Following Will Increase Consolidated Retained Earnings

question 44

Multiple Choice

Which one of the following will increase consolidated retained earnings?

• A)An increase in the value of goodwill associated with a subsidiary subsequent to the parent's date of acquisition
• B)The amortization of a $10,000 excess in the fair value of a note payable over its recorded book value
• C)The depreciation of a $10,000 excess in the fair value of equipment over its recorded book value
• D)The sale of inventory by a subsidiary that had a $10,000 excess in fair value over recorded book value on the parent's date of acquisition

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Definitions:

American

Pertaining to the United States of America, its people, culture, or characteristics.

Salad Bowl

A metaphor for the way a multicultural society can integrate different cultural identities, like pieces in a salad, where each retains its own distinct qualities but together form a cohesive whole.

Melting Pot

A metaphor for a society where many different types of people blend together as one.

Pluralism

The coexistence of multiple groups, cultures, or entities within a single society, celebrated for their diversity.