Financial statements in which financial data for two or more companies are combined as a single entity are called

A) conventional statements
B) consolidated statements
C) audited statements
D) constitutional statements

Consolidated Statements

Financial statements that present the financial position and results of operations for a parent company and its subsidiaries as one entity, after removing intercompany transactions.

Financial Statements

Reports that summarize the financial performance and position of a company, including balance sheet, income statement, and cash flow statement.