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Financial Accounting: In a 90% acquisition, the parent company consolidates 100% of the assets and liabilities and recognizes no minority interest 90% of the assets

Financial Accounting:

In a 90% acquisition, the parent company consolidates

  1. 100% of the assets and liabilities and recognizes no minority interest
  2. 90% of the assets and liabilities and recognizes minority interest equal to 10% of consolidated net assets.
  3. 90% of the assets and liabilities and recognizes minority interest equal to 10% of subsidiary net assets.
  4. 100% of the assets and liabilities and recognizes minority interest equal to 10% of consolidated net assets.
  5. 100% of the assets and liabilities and recognizes minority interest equal to 10% of subsidiary net assets.

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