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Which of the following statements is not correct? A. Consolidated financial statements are financial statements of a group of entities presented as if that group
Which of the following statements is not correct?
A. | Consolidated financial statements are financial statements of a group of entities presented as if that group was acting as a single economic entity. | |
B. | A subsidiary is an entity that is controlled by another entity. | |
C. | A group comprises a parent and all of its subsidiaries. | |
D. | A parent is an entity that has more than one subsidiary. |
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