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1. Discuss the accounting treatment of an investment by one firm in another that results from the investing company gaining (1) a significant control over

1. Discuss the accounting treatment of an investment by one firm in another that results from the investing company gaining (1) a significant control over the other firm, or (2) a controlling interest in the other firm.

2. Why might a controlling firm leave the controlled firm to continue in existence as it has in the past?

3. What problems might you see if one firm gains control over the major firms in an industry?

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