Which of the following is correct?
A) No consolidation working paper entry is required for this transaction in 2011.
B) A consolidation working paper entry is required only if the subsidiary was less than 100% owned in 2011.
C) A consolidation working paper entry is required each year that Sidd has the land.
D) A consolidated working paper entry was required only if the land was held for resale in 2011.
Correct Answer:
Verified
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