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Which of the following observations is NOT consistent with the use of push-down accounting? The revaluation capital account is part of the subsidiary's stockholders' equity.

Which of the following observations is NOT consistent with the use of push-down accounting?

The revaluation capital account is part of the subsidiary's stockholders' equity.

No differential arises in the consolidation process. Revaluation Capital account is eliminated in preparing consolidated statements. Eliminating entries related to the differential are needed in the worksheets.

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