Within the consolidation process, what is the purpose of a worksheet?

Ibrahimhamm

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2022-07-06

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Accounting, textbook solutions, Accounting textbook-solutions,

Ibrahimhamm

2022-07-06

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Companies that form a business combination will often retain their separate legal identities as well as their individual accounting systems. internal financial data will continue to be accumulated by each organization.
Separate financial reports may be required for outside shareholders, the government, debt holders.
consolidated financial statements encompassing all of the companies within the single economic entity must be produced periodically.
a worksheet will organize and structure this process.

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