Question
FASB ASC 810-10-45-11 states that in some cases parent-entity financial statements may be needed, in addition to consolidated financial statements, to indicate adequately the position
FASB ASC 810-10-45-11 states that in some cases parent-entity financial statements may be needed, in addition to consolidated financial statements, to indicate adequately the position of bondholders and other creditors or preferred shareholders of the parent. Why parent-equity financial statements are not a valid substitute for consolidated financial statements?
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Financial Accounting A Business Process Approach
Authors: Jane L Reimers
2nd Edition
131473867, 978-0131473867
