What term is used to refer to presenting the financial statements for a group of enterprises as if it was a single entity?
A)Harmonization
B)Translation
C)Consolidation
D)Transformation

Question

Quizplus · Accepted Answer

Consolidation is the term used to refer to presenting the financial statements for a group of enterprises as if it was a single entity. This is done by combining the financial information of each entity, eliminating any intercompany transactions, and adjusting for any non-controlling interests to provide a clear and accurate picture of the group's financial situation.

What Term Is Used to Refer to Presenting the Financial