Why does a subsidiary have to be consolidated with the parents accounts?
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Why does a subsidiary have to be consolidated with the parent’s accounts?
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A subsidiary company has to be consolidated with the parent companys accounts primarily for the purpose of providing a true and accurate representation of the financial position performance and cash f...View the full answer
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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