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In APB No. 51 Consolidated Financial Statements, the requirement for complete elimination of intercompany profit (gains) or losses is consistent with the: Select one: a.
In APB No. 51 "Consolidated Financial Statements," the requirement for complete elimination of intercompany profit (gains) or losses is consistent with the: Select one: a. Economic unit concept of consolidated financial statements b. Cost method of accounting c. None of the answers are correct Od. Equity method of accounting Oe. Parent company concept of consolidated financial statements
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