Explain how current practice for consolidations is consistent with the entity theory of consolidation.
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Current practice values the net assets of a consolidated entity at 100 of their fair value regardless of the percentage ownership that the parent comp...View the full answer
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Related Book For 
Financial Accounting Theory and Analysis Text and Cases
ISBN: 978-1118582794
11th edition
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey
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