when consolidating a subsidiary that was acquired on a date other than the first day...
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Accounting
when consolidating a subsidiary that was acquired on a date other than the first day of the fiscal year which of the following statements is true of the subsidiary with respect to the presentation of consolidated financial statement information?
preacquisition earnings are deducted from consolidated retained earnings
preacquisition earnings are added to the consolidated revenues and expenses
preacquisition earnings are deducted from the beginning consolidated stockholders equity
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