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when are consolidated financial statements for 2 or more legal entities required? a) in form, the companies are one economic entity; in substance, they are

when are consolidated financial statements for 2 or more legal entities required?

a) in form, the companies are one economic entity; in substance, they are legally separate.

b) In form, the companies are legally separate; in substance, they are one economic entity.

c) the companies are one economic entity in both legal form and substance.

d) the companies are separate entities in both legal form and substance

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