Explain briefly how the process of consolidation differs when the equity method is used by the parent for recording the investment account as compared to the cost method.

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Explain briefly how the process of consolidation differs when the equity method is used by the parent for recording the investment account as compared to the cost method.

Related Book For answer-question

Advanced Financial Accounting

6th edition

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

ISBN: 978-0137030385