Consolidated statements combine two or more _____ in a single presentation.
A)accounting periods
B)financial statements
C)legal entities
D)accounts

Question

Quizplus · Accepted Answer

Consolidated statements combine the financial information of multiple legal entities into a single presentation. This is often necessary for companies with subsidiaries or a complex ownership structure. The other choices (accounting periods, financial statements, and accounts) do not accurately describe the purpose of consolidated statements.

Consolidated Statements Combine Two or More _____ in a Single