Great Western Manufacturing Inc

question 43

Essay

Great Western Manufacturing Inc. ("GWM") was acquired by Great Eastern Holding Ltd) ("GEH") in 2019. The Vice President, Finance of GWM has asked you, the manager in charge of this year's audit, whether or not GWM has to prepare consolidated financial statements for the year ended December 31, 2019. GWM has about fifteen wholly owned subsidiaries and has in the past prepared consolidated financial statements.
Required:
Prepare a discussion around the need to prepare consolidated financial statements.

---

Definitions:

Securely Attached

A term used in attachment theory describing individuals who have healthy emotional bonds and relationships, often resulting from consistent and responsive caregiving in early life.

Mutual Regulation

Process by which infant and caregiver communicate emotional states to each other and respond appropriately.

Strange Situation

A research method used to evaluate a child's pattern of attachment to their caregivers, involving observations of children's reactions to separations and reunions.

Disorganized-Disoriented

Refers to a type of attachment behavior in children characterized by a lack of clear strategy to manage their emotions and interactions with caregivers.