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11 The debit side in the entry to eliminate intercompany sales is COGS Select one: True False 14 When a parent acquires 100% of a

11

The debit side in the entry to eliminate intercompany sales is COGS

Select one: True False

14

When a parent acquires 100% of a subsidiary at book value the consolidated balance sheet eliminates Investment accounts and a subsidiary equity accounts

Select one: True False

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