When a parent company uses the equity method to account for investment in a subsidiary, the amor

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When a parent company uses the equity method to account for investment in a subsidiary, the amor¬ tization expense entry recorded during the year is eliminated on a consolidation worksheet as a com¬ ponent of Entry I. What is the necessity' of removing this amortization? LO1

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Advanced Accounting

ISBN: 9780073379456

9th Edition

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

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