How should a parent consolidate its subsidiary\'s revenues and expenses?

Ibrahimhamm

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2022-07-06

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Accounting, textbook solutions, Accounting textbook-solutions,

Ibrahimhamm

2022-07-06

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Revenues and expenses (both current and past) of the parent are included within reported figures.
Revenues and expenses of the subsidiary are consolidated from the date of the acquisition forward within the worksheet consolidation process.
The operations of the subsidiary are only applicable to the business combination if earned subsequent to its creation.

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