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    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 5: The Purchase Method: at Date of Acquisition-100 Ownership
  5. Question
    The Step-By-Step Method Can Be Used Only If the Parent
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The Step-By-Step Method Can Be Used Only If the Parent

Question 56

Question 56

True/False

The step-by-step method can be used only if the parent did not have an ownership interest of less than 20%.

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