Business, 03.09.2019 17:30 DisneyyKayy
Acompany acquires a subsidiary and will prepare consolidated financial statements for external reporting purposes. for internal reporting purposes, the company has decided to apply the equity method. why might the company have made this decision? operating results appearing on the parent's financial records reflect consolidated totals. consolidation is not required when the parent uses the equity method. gaap now requires the use of this particular method for internal reporting purposes. it is a relatively easy method to apply.
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Acompany acquires a subsidiary and will prepare consolidated financial statements for external repor...
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