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

Question 40

Question 40

Multiple Choice

A subsidiary can be excluded from consolidation if


A) control rests with the majority owner.
B) formation of joint ventures.
C) the acquisition of an asset or group of assets constitutes a business.
D) acquisition of a not-for-profit entity by a for-profit business.

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