Question: To avoid double counting P's investment in S, P must eliminate a. the investment in S and S's separate company shareholders' equity. b. all debt

To avoid double counting P's investment in S, P must eliminate

a.

the investment in S and S's separate company shareholders' equity.

b.

all debt on S's separate company financial statements.

c.

any dividends paid against the cash account.

d.

all intercompany transactions.

e.

all of the above.

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