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Z Company acquired a subsidiary several years ago that was appropriately excluded from consolidation last year. This year Z has consolidated the subsidiary in its

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Z Company acquired a subsidiary several years ago that was appropriately excluded from consolidation last year. This year Z has consolidated the subsidiary in its financial statements. This results in: Multiple Choice ) Neither an ac An accounting change that should be reported by restating the financial statements of all prior periods presented A correction of an erro ) An accounting change that should be reported prospectively

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