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Investigate the treatment of business combinations in US GAAP and International Standards (www.ifrs.org). What are the benefits of presenting consolidated financial statements? Include information found

  1. Investigate the treatment of business combinations in US GAAP and International Standards (www.ifrs.org). What are the benefits of presenting consolidated financial statements? Include information found in one of the FASB standards on this topic.
  2. Why do you think there are different ways to report investments in other companies? Use the FASB Codification System as your reference,

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