=+c. Earned surplus of a subsidiary company created prior to acquisition does not form a part of
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=+c. Earned surplus of a subsidiary company created prior to acquisition does not form a part of the consolidated earned surplus of the parent company and subsidiaries; nor can any dividend declared out of such surplus prop-
erly be credited to the income account of the parent company.
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Related Book For 
Accounting Theory Conceptual Issues In A Political And Economic Environment
ISBN: 9780324186239
6th Edition
Authors: Harry I. Wolk, James Dodd, Michael G. Tearney
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