When is it necessary to adjust the parent-companys retained earnings account in the preparation of consolidation working

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When is it necessary to adjust the parent-company’s retained earnings account in the preparation of consolidation working papers? In answering this question, explain the relationship between parent- company retained earnings and consolidated retained earnings.

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Advanced Accounting

ISBN: 9780131851221

9th Edition

Authors: Floyd A. Beams, Robin P. Clement, Suzanne H. Lowensohn, Joseph H. Anthony

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