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  2. Topic
    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 1: Wholly Owned Subsidiaries: at Date of Creation
  5. Question
    A Foreign Subsidiary That Is Prohibited from Paying Dividends Because
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A Foreign Subsidiary That Is Prohibited from Paying Dividends Because

Question 14

Question 14

True/False

A foreign subsidiary that is prohibited from paying dividends because of currency exchange restrictions imposed by the foreign government of the country in which it is located may still be consolidated.

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