If a subsidiary has a different accounting year-end than its parent,
A) The subsidiary must change its accounting year to match that of the parent.
B) The parent must change its accounting year to match that of the subsidiary.
C) The subsidiary's year-end can differ from that of the parent, up to three months.
D) The subsidiary's year-end can differ from that of the parent, up to six months.
Correct Answer:
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