A _____ Combines the Separate Financial Statements of Two or More

question 33

Multiple Choice

A _____ combines the separate financial statements of two or more companies to yield a single set of financial statements as if the individual companies were really one.

• A)complied financial statement
• B)harmonized financial statement
• C)consolidated financial statement
• D)operating financial statement

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Definitions:

Presidential Election

A formal decision-making process by which a country's citizens choose an individual to hold the office of President.

Defamation

A false communication that harms another's reputation, which can be in written form (libel) or spoken form (slander).

Venue

(1) The place where a hearing takes place. Its geographic location is determined by each state’s statutes and based on where the parties live or where the event occurred or the alleged wrong was committed. (2) A legal doctrine relating to the selection of a court with subject-matter and personal jurisdiction that is the most appropriate geographic location for the resolution of the dispute.

Standing

The legal right of a party or an individual to bring a lawsuit by demonstrating to the court sufficient connection to and harm from the law or action challenged (i.e., the plaintiff has to demonstrate that he or she is harmed or will be harmed). Otherwise, the court will dismiss the case, ruling that the plaintiff “lacks standing” to bring the suit.