Q:

Why consolidate financial information when two or more companies combine to create a single economic entity?

belongs to book: ADVANCED ACCOUNTING|Debra C.jeter, Paul K.Chaney|7th edition| Chapter number:2| Question number:11

Ibrahimhamm

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2022-07-06

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Ibrahimhamm

2022-07-06

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Consolidated financial statements provide more meaningful information than separate statements.
Consolidated financial statements more fairly present the activities of the consolidated companies.
Consolidated companies may retain their legal identities as separate corporations.

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