When Consolidation Is Necessary, Both the Parent and the Subsidiary

question 44

True/False

When consolidation is necessary, both the parent and the subsidiary companies prepare separate consolidated financial statements.

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Definitions:

Geometric Layout

An arrangement or design plan that uses geometric shapes and principles, often seen in architecture, urban planning, and design.

Uncultivated Irregularities

Natural features of the landscape that have not been modified by human agricultural or gardening activities, retaining their wild characteristics.

Yuan Period

A dynasty in China (1271-1368) established by Mongol leader Kublai Khan, known for its cultural achievements and the unification of China.

Former Emperor

A title or description referring to someone who was once an emperor but no longer holds the position, whether through abdication, deposition, or death.