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Question 39 2 pts Which of the following statements best explains why consolidated financial statements are required when a parent company has controlling interest in a subsidiary? In substance the companies are one entity but are separate entities in form.In both substance and form the companies are one entity In both substance and form the companies are separate entities In form the companies are one entity but in substance they are separate entities In substance the companies are one entity but are separate entities in form.

          Question 39
2 pts
Which of the following statements best explains why consolidated financial statements are
required when a parent company has controlling interest in a subsidiary?
In substance the companies are one entity but are separate entities in form.In both substance and form
the companies are one entity
In both substance and form the companies are separate entities
In form the companies are one entity but in substance they are separate entities
In substance the companies are one entity but are separate entities in form.

Question 39
2 pts
Which of the following statements best explains why consolidated financial statements are
required when a parent company has controlling interest in a subsidiary?
In substance the companies are one entity but are separate entities in form.In both substance and form
the companies are one entity
In both substance and form the companies are separate entities
In form the companies are one entity but in substance they are separate entities
In substance the companies are one entity but are separate entities in form.

Added by Nuria T.

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