act 470 db 3
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- In the consolidation work paper the eliminating entries are recorded. The records make the entries not to change. The remaining balances are supposed to be recorded in the books of the company. For every time that the statements are prepared the remaining balances that are reported on the books of the company. This marks the starting points of the records that are stated ( Larson, 2017). Therefore, all the entries that are necessary should be entered during every time in the consolidation work paper.
For the prior acquisitions that make the application of FASB 141R, then there is assignation to the shareholders that are non-controlling. This is done during the beginning of assignation.
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