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Which one of the following is not a limitation of consolidated financial statements? A. Poor performance of one or more companies may be hidden by
Which one of the following is not a limitation of consolidated financial statements?
A. | Poor performance of one or more companies may be hidden by good performance of others. | |
B. | Information about the financial status and results of operations of the economic entity will be reported. | |
C. | All the consolidated retained earnings balance may not be available for dividends of the parent. | |
D. | Supplemental information about individual companies or groups of companies included in consolidated statements may be necessary for a fair presentation. |
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