When You Create an Income Distribution Schedule for Consolidated Net

question 12

Multiple Choice

When you create an income distribution schedule for consolidated net income, the distributions:

• A)​are allocated equally between Company P and Company S.
• B)​should use the controlling/noncontrolling interest ownership with respect to both common and preferred shares.
• C)​for the parent Company P should convert its investment to its equity balance if it is not using the cost method.
• D)​none of the above

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