The Entry to Eliminate the Investment in Subsidiary Account Includes

question 87

Multiple Choice

The entry to eliminate the Investment in Subsidiary account includes a:

• A)debit to the investment account, credit to the common stock account and credit to the retained earnings account.
• B)debit to the common stock account, debit to the retained earnings account and a credit to the investment account.
• C)debit to the investment account, debit to the common stock account and credit to retained earnings.
• D)debit to the investment account and credit to notes payable.

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Definitions:

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