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12. Company A. paid cash for all of the voting common stock of 2 points Company B. Company B will continue to exist as a
12. Company A. paid cash for all of the voting common stock of 2 points Company B. Company B will continue to exist as a separate corporation. All the required entries to consolidate the two companies are recorded in O Company A's books only O Company B's books only O A worksheet The books of both companies 13. All of the following accounts from the parent or subsidiary books 2 points will be eliminated from the consolidated financial statements, except O Income of Subsidiary (on parent's books) Accounts Receivable (from parent - on subsidiary's books) Capital Stock (on subsidiary's books) Investment in Subsidiary (on parent's books) None of the above
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