How Is the Consolidated Ending Retained Earnings Balance Calculated

question 35

Multiple Choice

How is the consolidated ending retained earnings balance calculated?

• A)Add the beginning consolidated retained earnings to consolidated net income and subtract the parent company's dividends declared.
• B)Add together the ending retained earnings of all the affiliated companies.
• C)Adjust the parent company's opening retained earnings for the subsidiary's profits and dividends
• D)Adjust the parent company's ending retained earnings for the subsidiary's profits and dividends

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