Advanced Financial Accounting
Advanced Financial Accounting
12th Edition
ISBN: 9781259916977
Author: Christensen, Theodore E., COTTRELL, David M., Budd, Cassy
Publisher: Mcgraw-hill Education,
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Chapter 3, Problem 3.9Q
To determine

Introduction:Consolidated financial statements are the financial statements maintained by entity which have multiple subsidiary units under it.

To explain:The reliance on legal control as a consolidation criterion led to off balance sheet financing.

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