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A subsidiary can be excluded from consolidation if A.the acquisition of an asset or group of assets constitutes a business. B.formation of joint ventures. C.acquisition

A subsidiary can be excluded from consolidation if

A.the acquisition of an asset or group of assets constitutes a business.

B.formation of joint ventures.

C.acquisition of a not-for-profit entity by a for-profit business.

D.control rests with the majority owner.

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