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According to Accounting Today, choosing a consolidated versus combined financial statement for companies with multiple businesses can be a complex and confusing process.


  1. According to the article, what tool(s) make(s) it easier to spot trends and highlight relevant data points?
  2. According to the article, what makes preparing complex financial statements easier and less time consuming?
  3. What is the difference between a consolidated financial statement and a combined financial statement?


Hatch, J. (2022) Is a consolidated or combined financial statement best for a business? Accounting Today, March 3 (Retrievable online at