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Which of the following answers is false in justifying why the acquisition-date consolidation process is not just a matter of adding together the balance sheet
Which of the following answers is false in justifying why the acquisition-date consolidation process is not just a matter of adding together the balance sheet of the investor and the balance sheet of the investee? Select one: A. Such a procedure would result in double counting of investee net assets. B. The subsidiary's stockholders' equity does not represent ownership by those outside the economic entity. C. If the parent and subsidiary each has marketable securities accounted for as trading securities
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