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A Moving to the next question prevents changes to this answer. Question 10 of 60 Question 10 2 points Save Answer The first step in producing a set of consolidated results is to use a process to post all completed or closed subs books along with the parent, (P+Ss+Adjustments=Consol). The most important elimination entry is to CR the individual Sub's Equity and DR the respective investment to zero out the investment for consolidation purposes (referred to as removal of investments for consolidation). Is this statement True or False? OF A Moving to the next question prevents changes to this answer. Question 10 of 60 A Moving to the next question prevents changes to this answer. Question 45 of 60 Question 45 1 points Save Answer American Steel purchased all of the outstanding shares in China steel and immediately replaced all of the board members of China Steel with American Steel BOD. China's foreign policy as it relates to investors does not allow for control or equity investments unless it is done with a local Chinese partner. Your boss advised you to use the MARKET method to record this investment since you do not control but has a significant influence. Is he right? True O False A Moving to the next question prevents changes to this answer. Question 45 of 60 L A Moving to the next question prevents changes to this answer. Question 46 Accountants rely on substance over form" when it comes to "grey" areas of accounting where the accounting principles are lacking or not clear enough in its application. One such example is accounting for bonds. gTrue O False A Moving to the next question prevents changes to this