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  2. Topic
    Business
  3. Study Set
    Modern Advanced Accounting
  4. Exam
    Exam 7: Consolidated Financial Statements: Subsequent to Date of Business Combination
  5. Question
    A Parent Company That Uses the Cost Method of Accounting
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A Parent Company That Uses the Cost Method of Accounting

Question 18

Question 18

True/False

A parent company that uses the cost method of accounting for the operations of a subsidiary prepares no journal entries to reflect the subsidiary's net income or loss for an accounting period.

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