Question: When we are preparing consolidated financial statements, will we have to eliminate the parent entity's investment in the subsidiaries each year as part of our

When we are preparing consolidated financial statements, will we have to eliminate the parent entity's investment in the subsidiaries each year as part of our consolidation entries, or will we have to do the elimination only in the first year following acquisition, but only thereafter? Why

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PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS 1 A parent which presents consolidated financial statements should present these statements in addition to its separate financial statements 2 Users o... View full answer

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