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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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