(Answered) Some investors eg warren buffet have contended that the us

Accounting

Some investors (e.g., Warren Buffet) have contended that the U.S. GAAP treatment undervalued the parent's investment carrying value for post-control step acquisitions. Construct one (1) argument in which you provide at least two (2) reasons for the U.S. GAAP treatment of reporting additional investments in subsidiaries when the parent previously established control. Provide support for your rationale.

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