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QUESTION 1 Explain thoroughly and clearly the following as it relates to the consolidation worksheet at the end of a fiscal year 1. Overall format

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QUESTION 1 Explain thoroughly and clearly the following as it relates to the consolidation worksheet at the end of a fiscal year 1. Overall format of the worksheet 2. Accounting articulation between financial statements 3. Accounts NOT eliminated on the consolidation worksheet. Be specific and provide the name(s) of the account(s) 4 The consolidated net income reported 5 The retained earnings amount reported on the consolidated retained earnings statement

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