Which of the Following Is True of the Consolidation Process

question 15

Multiple Choice

Which of the following is true of the consolidation process?

• A)​Even though the initial accounting for asset acquisitions and 100% stock acquisitions differs, the consolidation process should result in the same balance sheet.
• B)​Account balances are combined when recording a stock acquisition so the consolidation is automatic.
• C)​The assets of the non-controlling interest will be predominately displayed on the consolidated balance sheet.
• D)​The investment in subsidiary account will be displayed on the consolidated balance sheet.

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