Consolidated Financial Statement: The consolidation financial statements are the ones which are prepared for providing a consolidated view of the financials of the company having subsidiary companies. Whether the consolidated financial statement is more useful for the parent company or the subsidiaries and the reason for the same.

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Chapter 3, Problem 3.3Q

To determine

Concept Introduction:

Consolidated Financial Statement:The consolidation financial statements are the ones which are prepared for providing a consolidated view of the financials of the company having subsidiary companies.

Whether the consolidated financial statement is more useful for the parent company or the subsidiaries and the reason for the same.

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