Assuming the subsidiary showed a profit for the past year,the elimination entry required to remove a subsidiary's income from the parent's books prior to the preparation of Consolidated Financial statements would be:

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The Answer of Assuming the subsidiary showed a profit for the past year,the elimination entry required to remove a subsidiary's income from the parent's books prior to the preparation of Consolidated Financial statements would be:

Assuming the Subsidiary Showed a Profit for the Past Year,the