Multiple Choice
From the standpoint of accounting theory,which of the following statements is the best justification for the preparation of consolidated financial statements?
A) In substance the companies are separate,but in form the companies are one entity.
B) In substance the companies are one entity,but in form they are separate.
C) In substance and form the companies are one entity.
D) In substance and form the companies are separate entities.
Correct Answer:
Verified
Correct Answer:
Verified
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