In Changing from the Cost Method to Consolidation, Which of the Following

question 22

Multiple Choice

In changing from the cost method to consolidation, which of the following is not required?

• A)Replacement of the "Investment in Subsidiary" account with the assets and liabilities of the subsidiary
• B)Elimination of intercompany transactions and balances
• C)Elimination of the subsidiary's share capital account
• D)Elimination of the subsidiary's retained earnings since acquisition

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Definitions:

Conversion Control Sequences

In programming, sequences of characters in formatted string operations that specify how types of variables are converted for input or output.

Conversion Specifications

Descriptions in a format string that determine how a value should be formatted or converted into a string.

Format Specifiers

Symbols used in various programming languages to specify the type of data to be formatted and displayed.

Control Specifier

A component in formatted input/output functions in languages like C, specifying the type of data to be inputted or outputted.