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06) Which of the following is a characteristic of the cost method of accounting for subsidiary operations? Select one: a. Parent company net income equals
06) Which of the following is a characteristic of the cost method of accounting for subsidiary operations?
Select one:
a. Parent company net income equals consolidated net income.
b. More working paper eliminations are required than for the equity method of accounting.
c. Consolidated amounts differ from the comparable amounts under the equity method of accounting.
d. None of the above
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