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The preparation of consolidated financial statements: a. obviates the need for separate entities to
prepare and release their own separate financial statements. b. will eliminate the result derived
from operations with parties external to the group of entities. c. highlights income derived as a
result of transactions within the group. d. does not obviate the need for separate entities to
prepare and release their own separate financial statements and should be

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The preparation of consolidated financial statements a. obviates th.pdf

  • 1. The preparation of consolidated financial statements: a. obviates the need for separate entities to prepare and release their own separate financial statements. b. will eliminate the result derived from operations with parties external to the group of entities. c. highlights income derived as a result of transactions within the group. d. does not obviate the need for separate entities to prepare and release their own separate financial statements and should be