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How does the consolidated balance sheet differ from the balance sheet of the parent?

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How does the consolidated balance sheet differ from the balance sheet of the parent?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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The consolidated balance sheet is essentially the same as the pare...View the full answer


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RADHIKA MEENAKAR
I am a qualified indian Company Secretary along with Masters in finance with over 6 plus years of professional experience. Apart from this i am a certified accounts and finance tutor on many online platforms. My Linkedin profile link is here https://www.linkedin.com/in/radhika-meenakar-88b9808a/
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Cornerstones of Financial and Managerial Accounting

Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

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Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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This video is about ways to attempt consolidated balance sheet questions. since the unconsolidated financial statements of parent and subsidiary companies are prepared separately, consolidating the balance sheets of both companies is critical and sometimes becomes complex. the tutorial will guide students on to how questions on attempting questions on consolidated financial statements in an easier yet more effective way.

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