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Which of the following is NOT right? Complete ownership (100%) is a prerequisite for consolidation Lack of complete ownership is frequently encountered with foreign subsidiaries

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Which of the following is NOT right? Complete ownership (100%) is a prerequisite for consolidation Lack of complete ownership is frequently encountered with foreign subsidiaries Lack of complete ownership may be because the parents company does not have sufficient resources available to obtain all of the voting shares When acquiring a controlling ownership interest with less than 100% of the subsidiary's voting shares, a parent company must account for the noncontrolling interest in its consolidated financial statements

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