Solved

Which of the Followings Is Not the Reason of Preparing

Question 25

Multiple Choice

Which of the followings is not the reason of preparing consolidated statements?


A) To show parent entity's accountability in managing the group's assets
B) To provide investors with relevant information
C) To provide investors with useful information for comparisons between entities
D) To achieve efficiency by producing only one set of financial statements for the whole group.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents