What role does judgment play in deciding whether a controlling interest exists for consolidation under U.S. GAAP
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GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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US GAAP require a greater than 50 percent ownership before financial statements of related companies ...View the full answer
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Related Book For 
International Financial Reporting Standards An Introduction
ISBN: 978-1133187943
3rd Edition
Authors: Belverd E. Needles, Marian Powers
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