Explain why pre-acquisition profits of a subsidiary are treated differently from post-acquisition prof-its when consolidating.

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Financial Accounting And Reporting

ISBN: 9781292255996

19th Edition

Authors: Barry Elliott, Jamie Elliott

Question Posted: Nov 04, 2022 01:25 AM

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Explain why pre-acquisition profits of a subsidiary are treated differently from post-acquisition prof-its when consolidating.

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Preacquisition profits of a subsidiary are not included in the calculation of consolidated profits b...View the full answer

Financial Accounting And Reporting

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