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A) What is the meaning of consolidated financial statements? B) Describe the benefits and drawbacks of each type below: 1. Full consolidated statements, 2. Proportionate

A) What is the meaning of consolidated financial statements? B) Describe the benefits and drawbacks of each type below: 1. Full consolidated statements, 2. Proportionate consolidated, statements, and 3. Equity consolidated statements.

Minimum 400 words.

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