Which of the following statements are true of consolidation when the fiscal periods of a parent and subsidiary are different? Multiple select question. The difference in the fiscal periods of a parent and subsidiary should preclude consolidation of that subsidiary. The consolidation of a subsidiary without adjusting the fiscal period is permitted if the difference in period is not more than three months. The financial statement data of the subsidiary is adjusted in each period to place the data on a basis consistent with the parent's fiscal period. The subsidiary's fiscal period is often changed to coincide with that of the parent.

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