Question: The pre-acquisition entry is necessary to : Select one: record the 'Shares in subsidiary' account in the parents records avoid overstating the equity and net

The pre-acquisition entry is necessary to:

Select one:

record the 'Shares in subsidiary' account in the parents records

avoid overstating the equity and net assets of the group

avoid overstating the equity and net assets of the parent

avoid understating the equity and net assets of the group

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