What is push-down accounting? LO1 a. A requirement that a subsidiary must use the same accounting principles
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What is push-down accounting? LO1
a. A requirement that a subsidiary must use the same accounting principles as a parent company.
b. Inventory transfers made from a parent company to a subsidiary.
c. A subsidiary’s recording of the fair-value allocations as well as subsequent amortization.
d. The adjustments required for consolidation when a parent has applied the equity method of accounting for internal reporting purposes.
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Related Book For
Advanced Accounting
ISBN: 9780073379456
9th Edition
Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle
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