Which of the following methods uses procedures closest to those used in preparing consolidated financial statements?

Question

Quizplus · Accepted Answer

The Equity Method is the most suitable for preparing consolidated financial statements since it reflects the parent company's control over the subsidiary's financials by recording its share of the subsidiary's profits and losses, assets, and liabilities. This method is widely used in practice to prepare consolidated financial statements.

Which of the Following Methods Uses Procedures Closest to Those