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Which of the ff. statements is false regarding the consolidated statements? Subsidiary assets are adjusted to 100% of fair value The total stockholder's equity of

Which of the ff. statements is false regarding the consolidated statements?

Subsidiary assets are adjusted to 100% of fair value

The total stockholder's equity of the subsidiary is eliminated

gain on acquisition or bargain purchase increases the parent's retained earnings

the investment account is partially eliminated when there is NCI

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