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    Advanced Accounting Study Set 12
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    Exam 4: Consolidated Financial Statements and Outside Ownership
  5. Question
    When a Parent Has Control Over a Subsidiary with Less
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When a Parent Has Control Over a Subsidiary with Less

Question 18

Question 18

True/False

When a parent has control over a subsidiary with less than 100 percent ownership, and thereafter increases its ownership, the parent remeasures the prior interest to fair value.

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