How should identify two items that plan on explaining

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Question - The company you work for has recently acquired 100% of another company, which is expected to retain its separate legal identity. The president of your company has called you into his office to find out the various options for accounting for the subsidiary. He asks you to explain why new accounts had to be created like Equity in Subsidiary Earnings, Investment in Subsidiary, and something called Goodwill. How should identify two items that plan on explaining to the President?

Reference no: EM132617771

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