After All Foreign Entity Financial Statements Have Been Translated into the Reporting

After all foreign entity financial statements have been translated into the reporting currency, they must be combined to prepare consolidated financial statements. This is a straight-forward process but several adjustments must be made prior to consolidation. These include

A) Cancellation of all accounts receivable and accounts payable.
B) Cancellation of short-term debts and marketable securities (on the assets side) .
C) Cancellation of subsidiary equity and investment in subsidiaries (on the assets side) .
D) All of the adjustments above must be made.
E) Only adjustments a and c must be made.