The Preparation of Consolidated Financial Statements

question 33

Multiple Choice

The preparation of consolidated financial statements:

• A) obviates the need for separate entities to prepare and release their own separate financial statements.
• B) does not obviate the need for separate entities to prepare and release their own separate financial statements.
• C) should be done in accordance with AASB 10.
• D) does not obviate the need for separate entities to prepare and release their own separate financial statements and should be done in accordance with AASB 10.