Without consolidated financial statements,a multinational firm could conceal losses in an unconsolidated subsidiary.

Name: Without consolidated financial statements,a multinational firm could conceal losses in an unconsolidated subsidiary.
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Without consolidated financial statements, a multinational firm could only report the financial performance of its individual subsidiaries, allowing it to conceal losses in a poorly performing subsidiary by not including it in the consolidated statement.

Without Consolidated Financial Statements,a Multinational Firm Could Conceal Losses in an Unconsolidated