When Buckette prepared consolidated financial statements, it should include
A) Shuvelle but not Tayle.
B) Tayle but not Shuvelle.
C) either Shuvelle or Tayle.
D) Shuvelle and Tayle.
E) neither Shuvelle nor Tayle.

Question

Quizplus · Accepted Answer

When preparing consolidated financial statements, all subsidiaries should be included, unless they are immaterial. Therefore, both Shuvelle and Tayle should be included in the consolidated financial statements.

When Buckette Prepared Consolidated Financial Statements, It Should Include