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A(n) ____ is an unobservable phenomenon that can be inferred from multiple measures.
Consolidated Financial Statements
Financial statements that show the financial results and position of a parent entity and its subsidiaries as if the group were a single entity.
Parent Entity
A business entity that possesses a majority stake in one or more subsidiary companies.
Reporting Entity
is an entity for which there are users who rely on its financial statements to make economic decisions.
Economic Activity
Actions that involve the production, distribution, and consumption of goods and services within an economy.
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