Question: The following questions pertain to Brookfield s accounting for its subsidiaries

The following questions pertain to Brookfield's accounting for its subsidiaries:
a. What is a subsidiary and how are subsidiaries accounted for? What are the benefits and limitations of accounting for subsidiaries in this way?
b. In what countries does Brookfield have subsidiaries?
c. What are the implications on the consolidated financial statements when a company has less than 100 percent of the voting control of the subsidiary?

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  • CreatedFebruary 26, 2015
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