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Consolidated financial statements are typically prepared when one entity has a majority voting interest in another unless A . Control does not rest with the
Consolidated financial statements are typically prepared when one entity has a majority voting interest in another unless
A Control does not rest with the majority owners
B The two entities are in unrelated industries, such as manufacturing and real estate.
C The fiscal year ends of the two entities are more than months apart.
D The subsidiary is a finance entity.
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