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How will you account B company investment in C company in consolidated accounts?

A parent company, acquired 80% of B company, which in turn has already acquired 40% of C company. How will you account profit of C company in consolidated accounts? How will you account B company investment in C company in consolidated accounts?
Asked by: Risan Zarook | Member Since Feb-2011 | Asked on: Feb 19th, 2011

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