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Which the substitution elimination entry is necessary to

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Reference no: EM132984338

Problem 1: The substitution elimination entry is necessary to:

a. record the 'Investment in subsidiary' account in the parent's records.

b. avoid overstating the equity and net assets of the group.

c. avoid understating the equity and net assets of the group.

d. avoid overstating the equity and net assets of the parent.

Reference no: EM132984338

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