Consolidation procedures for 100%-owned subsidiaries require simply adding together the asset,liability,and stockholders' equity accounts of the two companies.

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Consolidation procedures for 100%-owned subsidiaries are more complex than simply adding together the asset, liability, and stockholders' equity accounts of the two companies. The consolidation process involves eliminating intercompany transactions and adjusting for any differences in accounting policies between the two companies. Additionally, the goodwill and non-controlling interest must be calculated and included in the consolidated financial statements.

Consolidation Procedures for 100%-Owned Subsidiaries Require Simply Adding Together the Asset,liability,and