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If the accountant fails to record, on the consolidation worksheet, amortization related to an undervalued...

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Accounting

If the accountant fails to record, on the consolidation worksheet, amortization related to an undervalued truck

Select one:

A. the parent's net income will be unaffected.

B. the subsidiary's net income will be overstated.

C. consolidated net income will be overstated.

D. consolidated net income will be understated

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