Which of the Following Is Not True of the Consolidation

question 36

Multiple Choice

Which of the following is not true of the consolidation process for a stock acquisition?

• A)​Journal entries for the elimination process are made to the parent's or subsidiary's books.
• B)​The investment account balance on the parent's books will be eliminated.
• C)​The balance sheets of two companies are combined into a single balance sheet.
• D)​The shareholder equity accounts of the subsidiary are eliminated.

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Definitions:

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Headphones that reduce unwanted ambient sounds using active noise control technology.

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A reduction from the original or list price of goods, often to encourage sales.

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The percentage decrease from the original price of an item to its new sale price.