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Which of the following is NOT a necessary elimination in the preparation of a Consolidated Balance Sheet? a. All current assets of the subsidiary b.

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Which of the following is NOT a necessary elimination in the preparation of a Consolidated Balance Sheet? a. All current assets of the subsidiary b. Investment account c. Intercompany receivables and payables d. Stockholders' equity of the subsidiary Which method is used to account for long-term bond investments that are held to maturity? a. Fair value b. Equity c. Amortized cost d. Consolidation

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