Explain why equity accounting is sometimes referred to as 'one-line consolidation'.

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 01:13 PM

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Explain why equity accounting is sometimes referred to as 'one-line consolidation'.

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Equity accounting is similar to consolidation in that Both recognise the investors share of p...View the full answer

Applying International Financial Reporting Standards

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