Karen Beers controlled four domestic subsidiaries and one foreign subsidiary. Prior to the current year, Beers had
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Karen Beers controlled four domestic subsidiaries and one foreign subsidiary. Prior to the current year, Beers had excluded the foreign subsidiary from consolidation. During the current year, the foreign subsidiary was in- cluded in the financial statements. How should this change in accounting principle be reflected in the finan- cial statements?
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Related Book For
Intermediate Accounting 2007 FASB Update Volume 2
ISBN: 9780470128763
12th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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