What is pushdown accounting?
A. The adjustments required for consolidation when a parent has applied the equity method of accounting for internal reporting purposes.
B. A requirement that a subsidiary must use the same accounting principles as a parent company.
C. Inventory transfers made from a parent company to a subsidiary.
D. A subsidiary's recordings of fair value allocations as well as subsequent amortization.
Answer: D. A subsidiary's recordings of fair value allocations as well as subsequent amortization.
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