The best means of accounting for business combinations in most of the world is

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Consolidation of financial information is generally accepted as the best means of accounting for business combinations in most parts of the world. This involves combining the financial statements of both the parent and subsidiary companies, treating them as a single entity. This method provides a more accurate representation of the financial position and performance of the business after the combination. Disaggregating data by line of business or geographic area may provide useful information, but it does not provide a comprehensive view of the entire business. Parent company statements only are insufficient as they do not reflect the financial position and performance of the subsidiary companies.

The Best Means of Accounting for Business Combinations in Most