Question: Assume you are working on a complex consolidation team assigned to apply the equity method of accounting. You have reached an impassable dispute with another

Assume you are working on a complex consolidation team assigned to apply the equity method of accounting. You have reached an impassable dispute with another team member working on this project relating to the proper way to apply the equity method of accounting. Why is it important that the matter is resolved? How will this issue affect the financial statements?

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