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Question
Under generally accepted accounting principles in the United States (U.S. GAAP), a majority owner of a business entity (parent corporation) [...]
Answer
must consolidate the accounts of the majority-owned entity, including a foreign entity, with its own accounts for purposes of financial reporting.

Question
Under generally accepted accounting principles in the United States (U.S. GAAP), a majority owner of a business entity (parent corporation) [...]
Answer
?

Question
Under generally accepted accounting principles in the United States (U.S. GAAP), a majority owner of a business entity (parent corporation) [...]
Answer
must consolidate the accounts of the majority-owned entity, including a foreign entity, with its own accounts for purposes of financial reporting.
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Under generally accepted accounting principles in the United States (U.S. GAAP), a majority owner of a business entity (parent corporation) must consolidate the accounts of the majority-owned entity, including a foreign entity, with its own accounts for purposes of financial reporting.

Original toplevel document (pdf)

owner: VPLAN - (no access) - 2017-27320 988 regs.pdf, p9

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