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A consolidated balance sheet reports the financial position of two or more

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A consolidated balance sheet reports the financial position of two or more legal entities A consolidated balance sheet reports the financial position of two or more legal entities just as if they were one reporting unit. Explain why all the individual items appearing on the separate balance sheets of each of the affiliated companies cannot be added together to arrive at a consolidated total for each item. Business Assignment Help, Business Homework help, Business Study Help, Business Course Help

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