(Solved): TB MC Qu. 02-24 The consolidation process consists of... The consolidation process consists of all t ...

TB MC Qu. 02-24 The consolidation process consists of... The consolidation process consists of all the following except: Multuple Choice combining the financial statements of two or more legally separate companies. closing the Individual subsidiary's revenue and expense accounts into the parent's retained earnings. eliminating intercompany transactions and holdings. combining the accounts of separate companies, creating a single set of financial statements.