r 4 Assignment Sv Help Save & Exit Subm On the date of formation of a 100 % owned subsidiary by the parent, which of the following statements pertaining to consolidated financial statements is TRUE? Multiple Choice ok It is possible to prepare consolideted fnancial statemems that include al the assess and labilties of the subaidiary Consolideted finenciel stetements are difficult to prepere becsuse the assets and Sabilties of the subsidiary have yot 1o be determined Consoidetion requires the eliminetion of the panem's vestment account aginst the subaidary's share capital Consolidation wil not be required since enew legal entity wil hbve bean formed 4 of 4 Next