ADVANCED ACCOUNTING CONNECT ACCESS >I<
ADVANCED ACCOUNTING CONNECT ACCESS >I<
1st Edition
ISBN: 9781266418150
Author: Hoyle
Publisher: MCG CUSTOM
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Chapter 4, Problem 8P

Assuming that Pride, in its internal records, accounts for its investment in Star using the equity method, what amount of retained earnings would Pride report on its January 1, 2018, consolidated balance sheet?

a. $250,000

b. $286,000

c. $315,000

d. $360,000

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