If the parent company owns 55% of the subsidiary company's outstanding common stock, the company should generally account for the income of the subsidiary under the:
(a) cost method
(b) fair value method
(c) consolidation method
(d) equity method
Ans: (c) consolidation method
Business
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Pride is a positive emotion. However, unchecked pride is hubris, which is not positive.
a. true b. false
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