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In an adversarial system, which of the following is true?
Consolidated Financial Statements
Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as a single economic entity.
Key Management Personnel
Those persons having authority and responsibility for planning, directing, and controlling the activities of the entity, directly or indirectly.
AASB 10/IFRS 10
An accounting standard that sets out the principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.
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