The reasons for the preparation of consolidated financial statements include which of the following?
A) Reporting of risks and benefits
B) Comparable information
C) Supply of relevant information
D) All of the above

Question

Quizplus · Accepted Answer

The preparation of consolidated financial statements provides all of these benefits. It helps to report on the risks and benefits of a group of companies, provides comparable information across different entities within the group, and supplies relevant information for decision-making purposes.

The Reasons for the Preparation of Consolidated Financial Statements Include