a Why is it impossible to determine from a consolidated balance sheet the amount of retained earnings

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a Why is it impossible to determine from a consolidated balance sheet the amount of retained earnings legally available for dividends, either for the parent company or for the subsidiary company?

b Indicate some of the types of eliminations that may be necessary in the preparation of a consolidated income statement.

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Financial Accounting An Introduction To Concepts Methods And Uses

ISBN: 9780030452963

2nd Edition

Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney

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