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Re: MightyX post# 156588

Friday, 03/15/2024 4:17:33 PM

Friday, March 15, 2024 4:17:33 PM

Post# of 162052
https://www.fe.training/free-resources/accounting/acquisition/#:~:text=Under%20the%20accounting%20rules%20if,you%20might%20not%20own%20100%25.


2nd paragraph.


The acquisition is for controlling interest and buys out the equity of the other company. The ownership is sold. But all other liabilities assets and revenues report into the acquiring company. What am I missing.
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