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Which of the following is the best theoretical justification for consolidated financial statements? a. In form, the companies are one entity; in substance, they are

Which of the following is the best theoretical justification for consolidated financial statements? a. In form, the companies are one entity; in substance, they are separate. b. In form, the companies are separate; in substance, they are one entity. c. In form and substance, the companies are one entity. d. In form and substance, the companies are separate

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