In consolidation accounting,a year-end elimination entry is required to remove the subsidiary company's stockholders' equity accounts and the parent company's Investment in Subsidiary account.

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This statement is true. In consolidation accounting, a year-end elimination entry is required to remove the subsidiary company's stockholders' equity accounts and the parent company's Investment in Subsidiary account. This is necessary to eliminate any intercompany transactions and ensure that only the consolidated financial statements of the entire group are presented.

In Consolidation Accounting,a Year-End Elimination Entry Is Required to Remove