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What is the purpose of consolidating financial statements?

 

 a. It hides the individual mistakes of different divisions.

 b. It reduces the tax burden of the corporation.

 c. It allows stockholders and investors to see the financial health of a company and all its divisions and subsidiary companies in one financial statement.

 d. It shows investors how much was spent on total salarie

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Question added by مقبول محمد جلال علي , General Accountant , شركة جودت للمقاولات
Date Posted: 2015/11/02
Mohammad Sahir Shaik
by Mohammad Sahir Shaik , finance manager , Al Khoory Group

c. It allows stockholders and investors to see the financial health of a company and all its divisions and subsidiary companies in one financial statement.

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