Question: How would you propose accounting for this? using Equity or consolidation? International Inc. recently purchased 1 0 0 % of the outstanding stock of ABC

How would you propose accounting for this? using Equity or consolidation? International Inc. recently purchased

100 %

of the outstanding stock of ABC National Bank. This subsidiary represents International Inc.

s first purchase of a nonmanufacturing facility, and management has expressed concern about the comparability of the different accounting methods used by financial institutions.

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