When is it necessary to adjust the parents retained earnings account in the preparation of consolidation workpapers?

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When is it necessary to adjust the parent’s retained earnings account in the preparation of consolidation workpapers? In answering this question, explain the relationship between parent retained earnings and consolidated retained earnings.

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Oct 17, 2011 04:54 AM

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When is it necessary to adjust the parents retained earnings account in the preparation of consolidation workpapers?

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The retained earnings of the parent will equal consolidated retained earnings i...View the full answer

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