Question: Describe the effect on the eliminating process when the subsidiary issues new shares entirely to the parent, and the parent pays either more or less

Describe the effect on the eliminating process when the subsidiary issues new shares entirely to the parent, and the parent pays either more or less than the book value of the subsidiary shares. LO3

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Explain what happens when the subsidiary issues new shares entirely to the parent, and the parent pays either more or less than the book value of the subsidiary shares. Please answer in 3 paragraphs.

Explain what happens when the subsidiary issues new shares entirely to the parent, and the parent pays either more or less than the book value of the subsidiary shares.

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