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Please explain in your own words, the importance of Group to have consolidated FS that consist of Balance Sheet, Profit & Loss, Consolidated Equity &

Please explain in your own words, the importance of Group to have consolidated FS that consist of Balance Sheet, Profit & Loss, Consolidated Equity & Retained Earnings, and Cash Flow. What is the advantage of having to consolidate instead of business combinations only? If you were an investor in a Group company, what kind of financial highlights would you expect from a consolidated financial statement that consists of the above (BS, P&L, Equity, and CF)? Please give example.

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