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Consolidated financial statements are not appropriate if the a. parent and subsidiary are in dissimilar lines of business b. subsidiary is in legal reorganization c.
Consolidated financial statements are not appropriate if the
| a. | parent and subsidiary are in dissimilar lines of business | |
| b. | subsidiary is in legal reorganization | |
| c. | minority interest is large | |
| d. | subsidiary has significant outstanding debt |
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Financial And Managerial Accounting The Basis For Business Decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
19th Edition
