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Which of the following statements pertaining to the preparation of consolidated financial statements is FALSE?...

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Accounting

Which of the following statements pertaining to the preparation of consolidated financial statements is FALSE? Multiple Choice

a. The parent's investment in the subsidiary does not appear on the consolidated balance sheet.

b. The parent's investment income from the subsidiary does not appear on the consolidated statement of comprehensive income.

c. The depletion of the acquisition differential is reflected on the subsidiary's financial statements.

d. Consolidated retained earnings reflects only the parent's shareholders' share of the combined operations.

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