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What is the best description of how assets and liabilities of a subsidiary are shown in consolidation, when the acquirer bought stock in steps, occurring
What is the best description of how assets and liabilities of a subsidiary are shown in consolidation, when the acquirer bought stock in steps, occurring over several years? They are shown based on the book values on the subsidiary's books O a. They are shown based on fair value as of the latest date stock was acquired, as long as the O b. acquirer has significant influence adjusted for amortization They are shown based on fair value as of the time the acquirer first obtained significant O c. influence, adjusted for amortization They are shown based on fair value as of the time the acquirer first obtained control, adjusted O d. for amortization
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