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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.

image text in transcribed 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 O b. Cost method of accounting Oc. None of the answers are correct Od. Equity method of accounting e. Parent company concept of consolidated financial statements

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