Business, 10.02.2020 22:24 confi3353

Why must the eliminating entries be entered in the consolidation worksheet each time consolidated statements are prepared? How is the beginning-of-period non-controlling interest balance determined? How is the end-of-period non-controlling interest balance determined? Which of the subsidiary's account balances must always be eliminated? Which of the parent company's account balances must always be eliminated and why must they be eliminated? How might this process under a GAAP basis compare to that under an IFRS basis? Are there any ethical aspects that need to be addressed?

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