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Whenever your professor gives you the accounting and financing related homework, you know you are in for the trouble.These two subjects comprise many tough topics and students have to be ready to face all those topics when they start studying the accounting and financing.Consolidated statement homework is one of those things that can give a headache to the students.
According to the international accounting standard 27,consolidated statements are the financial statements of a pool in that the assets, liabilities,equity,income,expenses and cash flows of the company that is a parent company and of its subsidiaries are presented as those of a single entity.
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