Q:

Which of the following intercompany transactions would not require a worksheet elimination in the consolidation process?

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Which of the following intercompany transactions would not require a worksheet elimination in the consolidation process?


  1. The subsidiary\'s payment of rent to its parent.
  2. The sale of merchandise by a parent to its subsidiary.
  3. The amount of a loan to the subsidiary made by its parent.
  4. None of the above.

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D. None of the above.

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