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    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 1: Wholly Owned Subsidiaries: at Date of Creation
  5. Question
    Under Current GAAP, a Banking Subsidiary of a Parent Company
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Under Current GAAP, a Banking Subsidiary of a Parent Company

Question 72

Question 72

True/False

Under current GAAP, a banking subsidiary of a parent company that is a manufacturing company need not be consolidated.

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