Which of the following is NOT omitted from the consolidated accounts?
A) debt owing to parent company by subsidiary company
B) intercompany sales
C) management fees charged to the subsidiary by the parent company
D) credit sales of the subsidiary.

Question

Quizplus · Accepted Answer

Intercompany sales, debt owing to parent company by subsidiary company, and management fees charged to the subsidiary by the parent company are all eliminated in the consolidation process, while credit sales of the subsidiary are included in the consolidated accounts.

Which of the Following Is NOT Omitted from the Consolidated