Explain the usefulness of the consolidated financial statements of a parent corporation for the following stakeholders a shareholder of the parent corporation b major supplier of one of the subsidiaries c Canada Revenue Agency (for income tax determination) ...

a The consolidated financial statements are useful for the shareholders of the parent within the con ...

Explain the usefulness of the consolidated financial statements of a parent corporation for the following stakeholders :

Question:

Explain the usefulness of the consolidated of a parent for the following :
a. shareholder of the parent major supplier of one of the subsidiaries
c. Canada Revenue Agency (for income tax determination)

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... Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...