TT Consolidated Financial Statements
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Consolidated financial statements combine the financial information of a parent company and its subsidiaries into a single set of financial statements. They present the assets, liabilities, equity, income, expenses and cash flows of a parent company and its subsidiaries as if they were a single entity. The document discusses consolidated financial statements and finding their proper translation into Spanish.
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- 4. • Consolidated financial statements are the "Financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent (company) and its subsidiaries are presented as those of a single economic entity.
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