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When a subsidiary is acquired sometime after the first day of the fiscal year, which...

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Accounting

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When a subsidiary is acquired sometime after the first day of the fiscal year, which of the following statements is true? Select one: O A. Excess cost over acquisition value is recognized at the beginning of the fiscal year B. No goodwill can be recognized C Income from subsidiary is not recognized until there is an entre year of consolidated operations, D. Income from subsidiary is recognized from date of acquisition to year-end. O E. Income from subsidiary is recognized for the entire year .

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