2. Assume Company B acquires a 70% interest in Company C on January 1, 2015, and Company A acquires a 90% interest in Company B on January 1, 2017. Prepare the simple equity method adjusting entries...

2. Assume Company B acquires a 70% interest in Company C on January 1, 2015, and Company A acquires a 90% interest in Company B on January 1, 2017. Prepare the simple equity method adjusting entries made by Companies A and B for subsidiary investments for the years 2015 through 2017.