Question: Please explain briefly: The process and requirements for corporations engaging overseas expansion by opening or acquiring foreign subsidiaries. What U.S. GAAP requires U.S.-based companies to

Please explain briefly:

The process and requirements for corporations engaging overseas expansion by opening or acquiring foreign subsidiaries.

What U.S. GAAP requires U.S.-based companies to present consolidated financial statements that include their worldwide operations and foreign subsidiaries in them.

How beneficial is consolidation with a foreign subsidiary?

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