Assume that the parent has some land that had been purchased from the subsidiary who reported a
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Assume that the parent has some land that had been purchased from the subsidiary who reported a gain on sale. Briefly explain whether this fact will increase, decrease or not change the debt-to-equity ratio when preparing the consolidated balance sheet.
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Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781260881295
10th Edition
Authors: Hilton Murray, Herauf Darrell
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