Why does a subsidiary have to be consolidated with the parents accounts?

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Why does a subsidiary have to be consolidated with the parent’s accounts?

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Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

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Question Posted: Aug 23, 2023 02:20 AM

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Why does a subsidiary have to be consolidated with the parents accounts?

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A subsidiary company has to be consolidated with the parent companys accounts primarily for the purpose of providing a true and accurate representation of the financial position performance and cash f...View the full answer

Financial Accounting An Integrated Approach

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