Which of the Following Observations Is NOT Consistent with the Use

question 18

Multiple Choice

Which of the following observations is NOT consistent with the use of push-down accounting?

• A)The revaluation capital account is part of the subsidiary's stockholders' equity.
• B)No differential arises in the consolidation process.
• C)Revaluation Capital account is eliminated in preparing consolidated statements.
• D)Consolidating entries related to the differential are needed in the worksheets.

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