Consolidated financial statements are appropriate when one company has significant influence over another company.

Name: Consolidated financial statements are appropriate when one company has significant influence over another company.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consolidated financial statements are appropriate when one company has control over another company, typically through ownership of more than 50% of the voting shares, not just significant influence.

Consolidated Financial Statements Are Appropriate When One Company Has Significant