Consolidated Financial Statements Briefly discuss the entity theory and the parent company theory of consolidations and identify one drawback of each method. Suggest to management a strat

Discussion: Consolidated Financial Statements Briefly discuss the entity theory and the parent company theory of consolidations and identify one drawback of each method. Suggest to management a strat

Discussion: Consolidated Financial Statements

  • Briefly discuss the entity theory and the parent company theory of consolidations and identify one drawback of each method.  Suggest to management a strategy to overcome each drawback.  Provide a rationale for your suggestion.