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PertheFASB,thereisapresumptionthatconsolidatedfinancialstatementsaremoremeaningful(e.g.,providethemostrelevantinformation)thanseparatefinancialstatementsfortheendusers.Takeapositiononwhetheryouagreeordisagreewiththispresumption.Providesupportforyourrationale.Analyze the main differences in the definition of control between U.S. Generally Accepted Accounting Principles (GAAP) prepared consolidated financial statements and International Financial Reporting Standards

PertheFASB,thereisapresumptionthatconsolidatedfinancialstatementsaremoremeaningful(e.g.,providethemostrelevantinformation)thanseparatefinancialstatementsfortheendusers.Takeapositiononwhetheryouagreeordisagreewiththispresumption.Providesupportforyourrationale.Analyze the main differences in the definition of control between U.S. Generally Accepted Accounting Principles (GAAP) prepared consolidated financial statements and International Financial Reporting Standards (IFRS) prepared financial statements. Determine which definition of control provides the most useful information to the end users. Provide support for your rationale

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