Which of the Following Internal Record-Keeping Methods Can a Parent

question 63

Multiple Choice

Which of the following internal record-keeping methods can a parent choose to account for a subsidiary acquired in a business combination?

• A) initial value or book value.
• B) initial value, lower-of-cost-or-market-value, or equity.
• C) initial value, equity, or partial equity.
• D) initial value, equity, or book value.
• E) initial value, lower-of-cost-or-market-value, or partial equity.