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which of the following statement is true? a. consolidation does not require all transactions between group members be eliminated in order to reveal the financial
which of the following statement is true?
a. consolidation does not require all transactions between group members be eliminated in order to reveal the financial position and performance of the economic group.
b. from an individual legal entity perspective all transactions with another legal entity are considered unrealised.
c. adjustment entries may affect both asset and revenue balances concurrently
d. a consolidation worksheet contains adjustments to the sum of the individual entities accounting positions into the groups position.
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