When ownership of another company is greater than 50%,consolidation is required.

Name: When ownership of another company is greater than 50%,consolidation is required.
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Question

Quizplus · Accepted Answer

When the ownership of another company is greater than 50%, the parent company is deemed to have control over the subsidiary and consolidation is required. Consolidation involves combining the financial statements of the parent company and its subsidiaries into a single set of financial statements.

When Ownership of Another Company Is Greater Than 50%,consolidation Is