Question: In the accounting profession, the equity method is often referred to as a one line consolidation.How would you explain this statement to a business associate

In the accounting profession, the equity method is often referred to as a "one line consolidation".How would you explain this statement to a business associate who does not have a background in accounting?

Also, what are some of the similarities and differences you have observed when applying the equity method versus preparation of consolidated financial statements?

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