Cost Method: Reformatting the Consolidation Worksheet So That Consolidation Entries Are Un necessary Accountants often find shortcuts
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Cost Method: Reformatting the Consolidation Worksheet So That Consolidation Entries Are Un¬
necessary Accountants often find shortcuts to save time and therefore accomplish tasks in a more efficient manner. The cost method lends itself to such a shortcut.
Required Reformat the accounts on the consolidation worksheet (cost ?nethod used by the parent) in Illus¬
tration 2-5 so that it is not necessary to post to the consolidation worksheet either (1) the basic elimination entry or (2) the intercompany dividend elimination entry.
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