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Preparation of consolidated financial statements when a parent-subsidiary relationship exists is an example of the comparability...

Preparation of consolidated financial statements when a parent-subsidiary relationship exists is an example of the

comparability characteristic.
economic entity assumption.
neutrality characteristic.
relevance characteristic.

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Answer #1

Solution:

Preparation of consolidated financial statements when a parent-subsidiary relationship exists is an example of the "Economic entity assumption"

Hence 2nd option is correct.

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