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In a multilevel ownership structure, the general process of consolidation is to start making eliminating entries with the subsidiary farthest removed from the parent company
In a multilevel ownership structure, the general process of consolidation is to start making eliminating entries with the subsidiary farthest removed from the parent company and then move up the levels until the direct subsidiary is consolidated with the parent. Why is this the accepted procedure
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
