The substitution elimination must only be made taking into account the subsidiary's equity amounts as at control date.

Name: The substitution elimination must only be made taking into account the subsidiary's equity amounts as at control date.
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Question

Quizplus · Accepted Answer

Since the purpose of the substitution elimination is to remove the intercompany balances and transactions between the parent and subsidiary, only the equity amounts of the subsidiary as at control date should be considered in the process.

The Substitution Elimination Must Only Be Made Taking into Account