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What is the parent company concept?

Ibrahimhamm
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2022-07-05
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What is the parent company concept?

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Ibrahimhamm
2022-07-05
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The write up or write down of the net assets of the subsidiary in the consolidated financial statements is restricted to the amount by which the cost of the investment is more or less than the book value of the net assets it acquired. Noncontrolling interest in net assets is unaffected by such write up and write downs.

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