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Why do parent companies disregard the legal boundaries of entities, and report consolidated financial statements as a single economic entity? Select answer from the options

Why do parent companies disregard the legal boundaries of entities, and report consolidated financial statements as a single economic entity? 


Select answer from the options below 


to provide useful information 


to financial statement users about all the resources under the control of parent company management so the equity claims of noncontrolling shareholders 


to net assets and net income are transparent to prevent duplication of effort 


to eliminate cumbersome analysis when reporting minority interests.

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