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

Accounting Oct 21, 2020

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

Expert Solution

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.

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