Why is the equity method sometimes described as a one-line consolidation? Consider both the balance sheet and

Question:

Why is the equity method sometimes described as a one-line consolidation? Consider both the and the income statement in your response.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...