Reporting equity investments; more than 50% ownership Why are consolidated financial statements reported to external stakeholders? Consolidated financial statements are more relevant and useful to external stakeholders because the considered economic entity/entities. substance, controls the In other words, the Reporting equity investments; more than 50% ownership Why are consolidated financial statements reported to external stakeholders? Consolidated financial statements are more relevant and useful to external stakeholders because the considered economic entity/entities. substance, controls the In other words, the