What Does the Term "Consolidated" Mean When Used to Describe

question 104

Multiple Choice

What does the term "consolidated" mean when used to describe financial statements?

• A)Consolidated means that financial statements are presented for two years.
• B)Consolidated means that the financial statements have been approved by an auditor.
• C)Consolidated means that the five financial statements have been totalled together.
• D)Consolidated means that the financial statements contain the information of more than one company.

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Definitions:

For-profit Colleges

are higher education institutions operated by private, profit-seeking businesses, often offering career-oriented courses.

Secure Employment

A situation in which an individual has a stable job and income.

Specific Skills

Abilities or expertise in particular tasks or areas, often requiring specialized knowledge or training.

CARDIA Study

The CARDIA Study refers to the Coronary Artery Risk Development in Young Adults, a longitudinal study researching cardiovascular disease development over a person's lifespan.