3. What tool (s) or Reports are use in the consolidation of a parent company and its subsidiaries to provide structure for the production of a single set of financial statements?

A. Audit reports. b. Balance sheets C. worksheets and consolidations entries d. electronic general ledgers 5. Net Identifiable Assets is: A. Liabilities and equity b. The difference between the assets and equity c. assets and paid in capital d. the difference between the identifiable assets and liabilities

What is the basic objective of all consolidations?