Under traditional accounting methodology, historical cost is the accounting evaluation tool. However, when consolidations are implemented, the
Question:
Why is it important that consolidations prescribe to fair value?
When is the adjustment made?
How often is the adjustment recalculated?
How are the adjustments kept?
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In consolidated financial statements the financial information of the parent and the subsidiary comp...View the full answer
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Related Book For 
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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