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April Updegraff
on Nov 14, 2024

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Consolidated financial statements are appropriate when one company has significant influence over another company.

Consolidated Financial Statements

Financial statements that combine the financial information of a parent company and its subsidiaries, presenting it as if the group were a single entity.

Significant Influence

The capacity of an investor to participate in the financial and operating policy decisions of an investee without controlling those decisions.

  • Comprehend the concepts of consolidated financial statements and significant influence.
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sharon roldanNov 19, 2024
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