Consolidation Accounting Is the Way to Combine the Financial Statements

question 71

True/False

Consolidation accounting is the way to combine the financial statements of two or more companies that have the same owners.

---

Definitions:

Colostrum

The first form of milk produced by the mammary glands of mammals immediately following delivery of the newborn, rich in antibodies.

Antibodies

Proteins produced by the immune system to identify and neutralize foreign objects like bacteria and viruses.

Lactose

A disaccharide sugar derived from galactose and glucose that is found in milk, used by the body as a source of energy.

Somatic Cells

Any cell of the body that makes up the tissues, organs, and parts of the body, excluding the reproductive cells.