Why cant we simply add together all of the separate statements of profit or loss to form

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Why can’t we simply add together all of the separate statements of profit or loss to form the consolidated statement of profit or loss when the subsidiaries are partly owned and there are no unrealised profits on inventory?

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Frank Woods Business Accounting Volume 2

ISBN: 9781292085050

13th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Sep 10, 2023 12:37 AM

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Why cant we simply add together all of the separate statements of profit or loss to form

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Frank Woods Business Accounting Volume 2

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