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When one firm can significantly influence the decisions of another firm through its ownership of voting shares, transactions between the two tirms are accounted for
When one firm can significantly influence the decisions of another firm through its ownership of voting shares, transactions between the two tirms are accounted for the same as transactions with outside parties.
provide an objective basis for accounting valuations.
do not provide an objective basis for financial reporting.
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
