Question
(a) What is a Pre-Acquisition Elimination Entry and what does it do to the Group Consolidation? b) Why does the Pre-Acquisition Elimination Entry change from
(a) What is a Pre-Acquisition Elimination Entry and what does it do to the Group Consolidation?
b) Why does the Pre-Acquisition Elimination Entry change from the date of acquisition to subsequent years after acquisition?
C) Explain why simply the totals of all companies' account balances added together do not appear in the published consolidated financial statements.
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
