Tax effect adjustments only apply to consolidation adjusting entries that affect the carrying amount of parent subsidiaries.

Name: Tax effect adjustments only apply to consolidation adjusting entries that affect the carrying amount of parent subsidiaries.
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Quizplus · Accepted Answer

Tax effect adjustments can apply to various types of adjustments beyond consolidation, including those affecting deferred taxes, pension costs, and unrealized gains or losses, not just those affecting the carrying amount of parent subsidiaries.

Tax Effect Adjustments Only Apply to Consolidation Adjusting Entries That