Consolidated financial statements present all of the following except the
A) individual assets and liabilities of the parent company
B) individual assets and liabilities of the subsidiary.
C) total revenues and expenses of the subsidiary.
D) stockholders' equity of the subsidiary.

Question

Quizplus · Accepted Answer

Consolidated financial statements combine the financial statements of a parent company and its subsidiaries into one set of statements. They do not present the stockholders' equity of the subsidiary separately, as this equity is integrated into the parent company's equity.

Consolidated Financial Statements Present All of the Following Except the