Evaluate the following statement from an analysis viewpoint: A parent company is not responsible for the liabilities

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Evaluate the following statement from an analysis viewpoint: “A parent company is not responsible for the liabilities of its subsidiaries nor does it own the assets of its subsidiaries. As such, consolidated financial statements distort legal realities.”

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Statement Analysis

ISBN: 978-0078110962

11th edition

Authors: K. R. Subramanyam, John Wild

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