2. Consolidated financial statement amounts and classifications should be identical under the entity and parentcompany theories of
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2. Consolidated financial statement amounts and classifications should be identical under the entity and parentcompany theories of consolidation if:
a All subsidiaries are acquired at book value b Only 100 percent–owned subsidiaries are consolidated c There are no intercompany transactions d All subsidiaries are acquired at book value and there are no intercompany transactions
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Related Book For
Advanced Accounting
ISBN: 9781292214597
13th Global Edition
Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith
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