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Elimination entries are entries made in the general journal of the parent to remove certain intercompany items and transactions. O True O False Question 6

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Elimination entries are entries made in the general journal of the parent to remove certain intercompany items and transactions. O True O False Question 6 2 pts The times interest earned ratio is equal to interest expense divided by income before interest and taxes. True O False Question 7 2 pts The entry recording the issuance of bonds payable at face value includes a debit to Cash and a credit to Bonds Payable. O True O False

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