Under full consolidation,only the income,expenses,assets,liabilities and equity of wholly owned subsidiaries are included in the consolidated financial statements.

Question

Quizplus · Accepted Answer

Under full consolidation, the income, expenses, assets, liabilities, and equity of both wholly owned and majority-owned subsidiaries are included in the consolidated financial statements, not just those of wholly owned subsidiaries.

Under Full Consolidation,only the Income,expenses,assets,liabilities and Equity of Wholly Owned