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frosja888 [35]
3 years ago
15

When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the f

ollowing statements is false before making adjustments on the consolidated worksheet?
A. Parent company net income equals controlling interest in consolidated net income.
B. Parent company retained earnings equals consolidated retained earnings.
C. Parent company total assets equals consolidated total assets.
D. Parent company dividends equals consolidated dividends.
E. Goodwill will not be recorded on the parent's books.
Business
1 answer:
Roman55 [17]3 years ago
7 0

Answer: The correct answer is "C. Parent company total assets equals consolidated total assets".

Explanation: The statement "C. Parent company total assets equals consolidated total assets" is false before making adjustments on the consolidated worksheet when a parent uses the equity method because the parent company total assets are not equal to consolidated total assets.

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The answer is C: 14300

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Explanation:

Formula to calculate forecast using Exponential smoothing:

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Where,

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F_{5} = 14000 + 0.4(14750-14000)

F_{5} = 14000 + 0.4 (740)

F_{5} = 14000 + 296

F_{5} = 14296

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