Why is it necessary to make elimination entries on the consolidated statement work sheet? Are these elimination

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Why is it necessary to make elimination entries on the consolidated statement work sheet? Are these elimination entries also posted to the accounts of the parent and subsidiary? Why or why not? kio85

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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Question Posted: Jul 01, 2024 02:11 AM

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Why is it necessary to make elimination entries on the consolidated statement work sheet? Are these elimination entries also posted to the accounts of the parent and subsidiary? Why or why not?
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Why is it necessary to make elimination entries on the consolidated statement work sheet? Are these elimination

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Accounting A Business Perspective

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