212k views
3 votes
1. When consolidating the accounts of a parent and subsidiary in subsequent years, eliminating entry (O) recognizes total write-offs of subsidiary revaluations: A. For the current year. B. As of the beginning of the current year. C. As of the date of acquisition. D. As of the end of the current year.

1 Answer

5 votes

Answer:

A. For the current year.

Step-by-step explanation:

The process of c onsolidating accounts is when the financial results of companies are combined.

I hope you find this information useful and interesting! Good luck!

User Sharath Chandra
by
8.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories