Consolidation accounting a. Eliminates all liabilities. b. Reports the receivables and payables of the parent company only.

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Consolidation accounting

a. Eliminates all liabilities.

b. Reports the receivables and payables of the parent company only.

c. Combines the accounts of the parent company and its subsidiary companies.

d. All of the above

Select the best choice from among the possible answers given.

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Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: May 29, 2020 07:19 AM

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Consolidation accounting a. Eliminates all liabilities. b. Reports the receivables and payables of the parent company only.

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answer is option C here consolidation of finan...View the full answer

Financial Accounting

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