Consolidated financial statements are prepared for:

Question

Quizplus · Accepted Answer

Consolidated financial statements are prepared for all of the above-mentioned parties. These statements provide a complete picture of the financial position, performance, and cash flows of the consolidated company, which includes the parent and its subsidiaries. Management uses these statements to make strategic decisions, shareholders use them to assess the investment potential, and creditors use them to evaluate the creditworthiness of the consolidated company.

Consolidated Financial Statements Are Prepared For