Consolidated Financial Statements Should Be Prepared Only When a Subsidiary

question 164

True/False

Consolidated financial statements should be prepared only when a subsidiary company has a controlling interest in the parent company.

---

Definitions:

Conformity

The act of adjusting one's behaviors or attitudes to align with the norms or standards of a group.

Eating Meat

The consumption of animal flesh by humans.

New Employer

An organization or individual for whom one has recently started working, marking the beginning of a new employment relationship.

Conformity

The act or behavior of aligning one's attitudes, beliefs, or behaviors with those of a group or society.