Consolidated financial statements What is meant by consolidated financial statements? When and why..

Consolidated financial statements

What is meant by consolidated financial statements? When and why are consolidated financial statements necessary?

looking for a response in about 150 or so words please

 

 

 

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Consolidated financial statements are referred as the collective financial statements of a company together with its divisions, sub organizations and subsidiaries. For  instance, assume that  XYZ Company is a holding company which owns other four companies that is Company A,B,C and D. Thus, each of these companies pays their royalties….

APA

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