Why are consolidated Financial Statements Prepared? Give an example.© BrainMass Inc. brainmass.com June 4, 2020, 5:13 am ad1c9bdddf
Consolidated financial statements are prepared because of the common ownership and control. Since both firms are owned and controlled by the same owners, their performance and ...
A simple, clear explanation of the consolidation of financial statements, about 100 words (paragraph).