Should the adjustments to the subsidiaries assets and liabilities to fair value be made in the consolidation worksheet or in the accounts of the subsidiary itself? If the subsidiary had land in its accounts carried at $150 000, but the fair value at acquisition date was determined to be $200 000, demonstrate the difference in the journal entry if the subsidiary decided to revalue the asset itself, or if it was done in the consolidation worksheet.

Answer rating: 100% (QA)

Revaluation on any plus cannot be drained every standalone financial plan like every review on any ... View the full answer