The entry to cancel the effects of the intercompany transactions in preparation of the Consolidated Financial Statements are made on: A.the books of the subsidiary B.The books of the parent if downstream sale, and the books of the subsidiary if upstream sale C.the books of the parent D.the working paper

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.