Archives: Flashcards

Consolidated Financial Statements F09-13b

When are adjusting entries need when consolidating ?

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Consolidated Financial Statements F09-12b

At the date of combination, is the consolidated income statement, statement of retained earnings or statement of cash flow the same as the statements of the parent entity?

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Consolidated Balance Sheet

At the date of the combination, what will a consolidated balance sheet combine ?

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Consolidated Financial Statements F09-11b

True/False: A business combination must be accounted for using the acquisition method of accounting.

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