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Business, 29.11.2020 15:00 aliyahmuhammad6497

In a business combination when each combining firm remains a legally incorporated separate entity:. a. the acquiring firm does not physically record the acquired firm's separate assets and liabilities.
b. the parent records on its accounting records each of the acquired assets and liabilities assumed in the business combination.
c. the parent company employs consolidated worksheet entries to help prepare a set of consolidated financial statements.
d. the parent records an investment account at the subsidiary's net book value of the assets acquired and liabilities assumed.

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In a business combination when each combining firm remains a legally incorporated separate entity:....
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