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Paragraph Styles Voice Sensitivity Gramma 4. Consolidation of financial statements, when applicable, is to serve external reporting requirements, while the consolidated financial statements have no

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Paragraph Styles Voice Sensitivity Gramma 4. Consolidation of financial statements, when applicable, is to serve external reporting requirements, while the consolidated financial statements have no accounting implications a) True b) False 5. When an investor company purchases an appropriate percentage of ownership in an investee company, the conceptual criterion on which to decide whether for the investor company to use equity method or not is significant control over the investee company. a) True b) False

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