A _____ combines the separate financial statements of two or more companies to yield a single set of financial statements as if the individual companies were really one.

Question

Quizplus · Accepted Answer

A consolidated financial statement combines the financial statements of two or more companies into a single set of financial statements. This is done to present the financial position and performance of the companies as if they were a single entity. The other options, complied financial statement, harmonized financial statement, and operating financial statement, do not involve the combination of financial statements from multiple companies.

A _____ Combines the Separate Financial Statements of Two or More