Discuss-the-limitations of consolidated financial statements

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Reference no: EM131529858

Question: 1. What are some reasons why consolidated reports are thought to be relevant? Discuss-the-limitations of consolidated financial statements and why dual reporting (consolidated and separate entity statements) as well as other forms of disaggregated reporting, such as SFAS No. 131, make sense.

2. Why does the FASBs reporting entity project logically precede any conelusion regarding consolidated financial reporting?

Reference no: EM131529858

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