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Consolidated financial statements are prepared on the principle A . In the form the companies are one entity, in sub stance they are separate B

Consolidated financial statements are prepared on the principle
A. In the form the companies are one entity, in sub stance they are separate
B. In form companies are separate, in substance, they are one
C. In form and substance, the companies are one entity
D. In form and substance, the companies are separate
Answer: Option C

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