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In consolidated financial statements: A. the parent's and subsidiary's financial statements are reported on a separate basis. B. the parent's and subsidiary's financial statements are

In consolidated financial statements:

A. the parent's and subsidiary's financial statements are reported on a separate basis.

B. the parent's and subsidiary's financial statements are reported on a combined basis.

C. financial statements are reported on an industry-wide basis.

D. none of the above.

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