Which of the following statements about intercompany eliminations is true? (a) They are not journalized or posted

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Which of the following statements about intercompany eliminations is true?

(a) They are not journalized or posted by any of the subsidiaries.

(b) They do not affect the ledger accounts of any of the subsidiaries.

(c) They are made solely on the worksheet to arrive at correct consolidated data.

(d) All of these statements are true.

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