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1. Consolidation Accounting: - How do you account for a non-controlling interest in a consolidated financial statement when the subsidiary is acquired at different periods

image text in transcribed 1. Consolidation Accounting: - How do you account for a non-controlling interest in a consolidated financial statement when the subsidiary is acquired at different periods of the fiscal year? 2. Foreign Currency Transactions: - How would you account for a forward exchange contract intended for trading and not as a hedge

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