The rationale underlying the parent company concept is that the reporting entity does not change as a result of the consolidation process.

Name: The rationale underlying the parent company concept is that the reporting entity does not change as a result of the consolidation process.
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Question

Quizplus · Accepted Answer

The parent company concept holds that the reporting entity remains the parent company even after consolidation, emphasizing that the consolidation process does not alter the identity of the reporting entity.

The Rationale Underlying the Parent Company Concept Is That the Reporting