Consolidated financial statements are useful to all of the following except
A) creditors of subsidiary companies.
B) management of the parent company.
C) stockholders of the parent company.
D) board of directors of the parent company.

Question

Quizplus · Accepted Answer

Consolidated financial statements provide a comprehensive view of the financial performance and position of the parent company and its subsidiary companies. This information is primarily useful to the management of the parent company, its stockholders, and its board of directors. Creditors of the subsidiary companies, on the other hand, may be interested in the financial statements of each individual subsidiary rather than the consolidated statements.

Consolidated Financial Statements Are Useful to All of the Following