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What is the role of consolidated financial statements where

Q1. What is the role of consolidated financial statements?

Q2. Where only a proportion of subsidiary's shares are owned by a parent entity, what proportion of the intra-group transactions between the parent entity and the subsidiary will need to be eliminated on consolidation?

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Accounting Basics: What is the role of consolidated financial statements where

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Accounting Basics: What is the role of consolidated financial statements where

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