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The process of aggregating individual sets of financial statements to produce consolidated financial statements requires: i. that no adjustments be entered into the individual ledger
The process of aggregating individual sets of financial statements to produce consolidated financial statements requires: i. that no adjustments be entered into the individual ledger accounts of entities in the group ii. balance sheet date adjusting journal entries to be recorded in the ledger accounts of the subsidiaries iii. accruals of expenses and revenue entered directly into the retained earnings ledger account of the parent entity iv. balance sheet date adjusting entries entered directly into the ledger accounts of the parent entity only a. iii b. ii & iii c. i d. iv e
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