Proportional consolidation is not allowed under current GAAP.
Correct Answer:
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Q12: An entity that is subject to consolidation
Q13: The company that must consolidate a variable
Q14: An entity that is created to serve
Q15: FIN 46 allows an exception to consolidation
Q16: Events that cause a reassessment of determining
Q18: Under proportional consolidation, no amounts are presented
Q19: Both proportional consolidation and full consolidation are
Q20: For partially owned subsidiaries, part of the
Q21: For partially owned subsidiaries, part of the
Q22: The rationale underlying the parent company concept
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