Question: i need text answer only otherwise skip Question 30 December 31 consolidated financial statements are being prepared for Allsports Company and its new subsidiary acquired

i need text answer only otherwise skip Question 30 December 31 consolidated financial statements are being prepared for Allsports Company and its new subsidiary acquired on July 1 of the current year. Should Allsports adjust its consolidated balances for the pre acquisition subsidiary revenues and expenses? i need text answer only otherwise skip Question 30 December 31 consolidated financial statements are being prepared for Allsports Company and its new subsidiary acquired on July 1 of the current year. Should Allsports adjust its consolidated balances for the pre acquisition subsidiary revenues and expenses
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