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WHEN A PARENT COMPANY RECORDS ITS INVESTMENT IN A WHOLLY OWNED SUBSIDIARY UNDER THE COST OR PARTIAL EQUITY METHOD, IT MUST MAKE A WORKSHEET ENTRY

WHEN A PARENT COMPANY RECORDS ITS INVESTMENT IN A WHOLLY OWNED SUBSIDIARY UNDER THE COST OR PARTIAL EQUITY METHOD, IT MUST MAKE A WORKSHEET ENTRY TO ADJUST BEGINNING RETAINED EARNINGS EACH TIME IT ISSUES FINANCIALS. WHY IS THIS NECESSARY

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