Explain why pre-acquisition profits of a subsidiary are treated differently from post-acquisition prof-its when consolidating.
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Explain why pre-acquisition profits of a subsidiary are treated differently from post-acquisition prof-its when consolidating.
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Preacquisition profits of a subsidiary are not included in the calculation of consolidated profits b...View the full answer
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Related Book For
Financial Accounting And Reporting
ISBN: 9781292255996
19th Edition
Authors: Barry Elliott, Jamie Elliott
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