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Homework answers / question archive / Which of the following accounts would not appear in the consolidated financial statements at the end of the first fiscal period of the combination? a
Which of the following accounts would not appear in the consolidated financial statements at the end of the first fiscal period of the combination?
a.) goodwill
b.)equipment
c.)retained earnings
d.)common stock
e.)equity in subsidiary earnings
Correct option is e.)equity in subsidiary earnings
Explanation
Equity in subsidiary earnings would not appear in the consolidated financial statements at the end of the first fiscal period of the combination. Goodwill, equipment , retained earnings & common stock all are appeared in the consolidated financial statements.
