Explain how those stakeholders could be misled

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Reference no: EM133542013

Question: Consolidated financial statements present the financial position and operating results of a parent and one or more subsidiaries as if they were actually a single company. As a result, the consolidated financial statements portray a group of legally separate companies as a single economic entity. Discuss why this presentation is valuable to investors, bankers, and other stakeholders and explain how those stakeholders could be misled if the various companies were not consolidated. Defend your discussion with facts and examples.

Reference no: EM133542013

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