The Entry to Eliminate the Investment in Subsidiary Account Affects

question 123

Multiple Choice

The entry to eliminate the Investment in Subsidiary account affects the:

• A)total assets and total stockholders' equity reported by the consolidated company.
• B)total equity reported by the parent company and total equity reported by the subsidiary company.
• C)total assets reported by the parent company and total liabilities reported by the subsidiary company.
• D)total assets and total liabilities reported by the consolidated company.

---

Definitions:

Azithromycin (Zithromax)

A macrolide antibiotic used to treat a variety of bacterial infections by inhibiting bacterial protein synthesis.

Ceftriaxone (Rocephin)

A broad-spectrum antibiotic used to treat various types of bacterial infections, especially those caused by bacteria resistant to other antibiotics.

Attention Deficit Hyperactivity Disorder (ADHD)

A brain disorder marked by an ongoing pattern of inattention and/or hyperactivity-impulsivity that interferes with functioning or development.

Learning Disabilities

Neurologically based processing problems that can interfere with learning basic skills and can affect one's ability to think, remember, or reason.