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Which of the following is not true of the consolidation process for a stock acquisition? a. The investment account balance on the parents books will
Which of the following is not true of the consolidation process for a stock acquisition? a. The investment account balance on the parents books will be eliminated. b. The balance sheets of two companies are combined into a single balance sheet. c. The shareholder equity accounts of the subsidiary are eliminated. d. Journal entries for the elimination process are made to the parents or subsidiarys books
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