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E 3-2 General questions Under GAAP, a parent company should exclude a subsidiary from...

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Accounting

E 3-2
General questions
Under GAAP, a parent company should exclude a subsidiary from consolidation if:
a It measures income from the subsidiary under the equity method
b The subsidiary is in a regulated industry
c The subsidiary is a foreign entity whose books are recorded in a foreign currency
d The parent and the subsidiary are under common control
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