In relation to the need for consolidated financial information, which of the following sentences is correct?...

 

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In relation to the need for consolidated financial information, which of the following sentences is correct? A The purpose of the consolidation is to develop and present a set of financial statements of companies that show the true and fair view of the grouped companies, and to obtain a set of results of operations as if it were a single company B The consolidated financial statements are an extension of the annual accounts of the holding company. C The individual financial statements of each group company will not give a true and fair view of the business as a whole D All are correct In relation to the need for consolidated financial information, which of the following sentences is correct? A The purpose of the consolidation is to develop and present a set of financial statements of companies that show the true and fair view of the grouped companies, and to obtain a set of results of operations as if it were a single company B The consolidated financial statements are an extension of the annual accounts of the holding company. C The individual financial statements of each group company will not give a true and fair view of the business as a whole D All are correct

Answer rating: 100% (QA)

Answer D all the correct is the right answer Consolidation information refers to Financial info... View the full answer