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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
    When a Subsidiary in a Different Line of Business from That
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When a Subsidiary in a Different Line of Business from That

Question 27

Question 27

True/False

When a subsidiary in a different line of business from that of the parent is consolidated, the separate financial statements of the subsidiary must be presented in the notes to the consolidated statements.

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