Which of the following statements is true?
Select one:
O a. Consolidated financial statements are useful to
creditors of a subsidiary.
O b. Comparison of consolidated financial statements of
diversified enterprises may be misleading.
O c. Consolidated financial statements are not appropriate for inclusion in the annual reports for publicly owned corporations.
O d. The net assets of a subsidiary that is in liquidation in bankruptcy should be induded in a consolidated balance sheet.
• LINDI LEGODI
IG AC732AD)
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51 ACC621A)
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S2 A(732AD)