True/False
It is inappropriate to consolidate a subsidiary that is prohibited by law from making loans to its parent.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q54: Home office allocations to a branch are
Q55: Branch fixed assets can be carried on
Q56: _ A valid reason for not consolidating
Q57: _ A publicly owned company has only
Q58: When a subsidiary's total assets are more
Q60: _ A home office, month-end allocation of
Q61: The two manners in which a business
Q62: Consolidated financial statements constitute the _ financial
Q63: _ A parent generally will not consolidate
Q64: _ The economic resources (normally) that underlie