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  3. Study Set
    Advanced Accounting Study Set 2
  4. Exam
    Exam 3: An Introduction to Consolidated Financial Statements
  5. Question
    A Subsidiary Can Be Excluded from Consolidation If
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A Subsidiary Can Be Excluded from Consolidation If

Question 3

Question 3

Multiple Choice

A subsidiary can be excluded from consolidation if


A) control does not rest with the majority owner.
B) the subsidiary is in legal reorganization.
C) the subsidiary is operating under severe foreign-exchange restrictions.
D) All of the above are correct.

Correct Answer:

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