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There are two methods under which a subsidiary's income and deductions are allocated upon joining or leaving a consolidated group. The default method is to
There are two methods under which a subsidiary's income and deductions are allocated upon joining or leaving a consolidated group. The default method is to close the books and the second is a prorata method that can be used for all items including extraordinary items.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
