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Topic: Clarification on Consolidated Financials (

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Tajik4CPA
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Joined: 15 Oct 2009
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Posts: 238

Posted: 17 May 2010 at 11:41 \| IP Logged

Eliminating journal entries are only on paper, they do not get recorded on anybody's books. That's why you repeat them every year. There are exceptions though, like pushdown accounting where it gets recorded on Sub's books.

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Becker 2009 and Gleim 2010, Wiley 13.0

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