Consolidation accounting involves combining the financial reports of the subsidiary companies with that of their parent company. Locate an annual report, Form 10-K, for a consolidated entity. Identify the parent company and summarize its subsidiaries, if possible. Provide an overview of the consolidated financial data and some of the items the accounting department considered when preparing the adjusting entries (e.g., allocating select expenses, intracompany transactions).

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Im unable to browse the internet or access specific documents such as annual reports or Form 10K However I can provide a general overview of the proce... View the full answer