Which of the following is the final step in the process of consolidation?
A)prepare the consolidated financial statements using the worksheet and the NCI adjustments
B)calculate and prepare NCI adjustments
C)prepare entries for the elimination of intragroup transactions and balances
D)prepare the elimination of investment in subsidiary journal entry

Question

Quizplus · Accepted Answer

Once the NCI adjustments and elimination entries have been prepared, the final step in the consolidation process is to use the information from the worksheet and adjustments to prepare the consolidated financial statements, including the NCI adjustments.

Which of the Following Is the Final Step in the Process