Why are the income statement amounts under entity theory and traditional theory the same if the subsidiary

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Why are the income statement amounts under entity theory and traditional theory the same if the subsidiary investment is made at book value? (Do not consider the different income statement presentations of controlling and noncontrolling interests in responding to this question.)

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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