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1 The process of preparing consolidated nancial statements requires that: a No adjustments be made to the individual nancial statements or ledger accounts of the
1 The process of preparing consolidated nancial statements requires that: a No adjustments be made to the individual nancial statements or ledger accounts of the entities in the group b Adjusting journal entries be recorded in the ledger accounts of the subsidiaries only c Accruals of expenses and revenues be recorded directly into the retained earnings account of the parent entity d Adjusting journal entries be recorded in the ledger accounts of the parent only
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