Kieterra0718 Kieterra0718

14-08-2021
Business

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What are new guidelines issued by GAAP for consolidating entities

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Msweeney305 Msweeney305

14-08-2021

Consolidation Rules Under GAAP

The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares

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