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To avoid double counting P's investment in S, P must eliminate a. the investment in S and S's separate company shareholders' equity. b. all debt
To avoid double counting P's investment in S, P must eliminate
a. | the investment in S and S's separate company shareholders' equity. |
b. | all debt on S's separate company financial statements. |
c. | any dividends paid against the cash account. |
d. | all intercompany transactions. |
e. | all of the above. |
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