Holding co share in capital profits of subsidiary company is adjusted in
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Answer:Let us make an in-depth study of the chain-holding and cross-holding of subsidiaries.
If consolidation takes, place when the holding company has a number of subsidiaries, i.e., more than one subsidiary, in that case, investment accounts of the holding company include more than one investment.
Therefore, it becomes necessary to adjust cost of control and minority interest accounts for each of the subsidiaries in order to eliminate each investment and the share capital of subsidiary company simultaneously.
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drawer lessee drawer government
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lessor receives royalty from
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