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What will be the effects of the consolidation entries on the consolidation worksheet? Multiple select question. The entries will increase the balance of common stock
What will be the effects of the consolidation entries on the consolidation worksheet?
Multiple select question.
The entries will increase the balance of common stock by the value of common stock of the investee company.
The entries will eliminate the balance in the Investment in Investee account.
The entries will reclassify the remaining differential to the appropriate balance sheet accounts.
The entries will eliminate the balance in the Income from Investee Company account.
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