A company decides it is required to consolidate a special interest entity. The assets and liabilities of that entity are consolidated at book value, and not revalued to fair value, when

Question

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When a company and a special interest entity are under common control, the assets and liabilities of that entity are consolidated at book value, as they are considered to be within the same reporting entity, thus not requiring revaluation to fair value.

A Company Decides It Is Required to Consolidate a Special