When the parent has used the equity method, its net income equals consoli dated net income attributable

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When the parent has used the equity method, its net income equals consoli dated net income attributable to its shareholders, and its retained earnings equal consolidated retained earnings. However, the parent's financial state ments are not the same as consolidated statements. On consolidated state ments, which assets and income are replaced from the parent's statements, and what are they replaced with?
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Modern Advanced Accounting In Canada

ISBN: 9781259066481

7th Edition

Authors: Hilton Murray, Herauf Darrell

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