Which is true regarding the Investment in Subsidiary Stock account? [a] It is accounted for in the parent’s books and is included as non – current assets in the parent’s balance sheet   [b] It is not included in the consolidated balance sheet of parent and subsidiary   [c] It is decreased and or increased by the difference between fair value and book value of net assets of the subsidiary for consolidation purposes.   [d] All of the above

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Which is true regarding the Investment in Subsidiary Stock account?

[a] It is accounted for in the parent’s books and is included as non – current assets in the parent’s balance sheet
 
[b] It is not included in the consolidated balance sheet of parent and subsidiary
 
[c] It is decreased and or increased by the difference between fair value and book value of net assets of the subsidiary for consolidation purposes.
 
[d] All of the above
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