Consolidated statements combine the balance sheets,income statements,and statement of cash flows of
the parent company with those of its controlling interest affiliates.

Question

Quizplus · Accepted Answer

Consolidated statements are used to combine the financial statements of a parent company with its subsidiaries or controlling interest affiliates in order to present a comprehensive view of the financial health of the entire group.

Consolidated Statements Combine the Balance Sheets,income Statements,and Statement of Cash