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The parent company concept of consolidation represents the view that the primary purpose of consolidated financial statements is: x to provide information relevant to the

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The parent company concept of consolidation represents the view that the primary purpose of consolidated financial statements is: x to provide information relevant to the controlling stockholders. X to represent the view that the affiliated companies are a separate, identifiable economic entity. x to emphasis control of the whole by a single management. x to include only a portion of the subsidiary's assets, liabilities, revenues, expenses, gains, and losses

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