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Which of the following is a characteristic of the cost method of accounting for a subsidiary's operations? A)Parent company net income equals consolidated net income.

Which of the following is a characteristic of the cost method of accounting for a subsidiary's operations? A)Parent company net income equals consolidated net income. B)More working paper eliminations are required than for the equity method of accounting. C)Consolidated amounts differ from the comparable amounts under the equity method of accounting. D)None of the foregoing

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