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Assume that you do not believe that control of subsidiary assets implies that those assets are, in substance, parent company assets. Argue for the

  

Assume that you do not believe that control of subsidiary assets implies that those assets are, in substance, parent company assets. Argue for the FASB proposal based on the premise that harmonization of accounting standards among countries should be the paramount consideration. Cite relevant aspects of the U.S. and IASB CFs in your argument.

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