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If a Subsidiary's Reporting Date Does Not Coincide with the Parent

Question 5

Multiple Choice

If a subsidiary's reporting date does not coincide with the parent entity's reporting date,adjustments must be made for the effects of significant events that occur between the two reporting dates as long as the reporting dates differ by no more than:


A) one month
B) three months
C) four months
D) six months

Correct Answer:

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