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Which of the following is TRUE? Financial statements of a non-existing corporation are prepared...

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Accounting

Which of the following is TRUE?
Financial statements of a non-existing corporation are prepared for the
benefit of the shareholders and creditors of the parent company.
Individual interim non-consolidated financial statements are never
prepared primarily for the benefit of the shareholders and creditors of
the parent company.
Consolidated financial statements are prepared primarily for the benefit
of the shareholders and creditors of the parent company.
Independent, individual financial statements are prepared primarily for
the benefit of the shareholders and asset of the parent company.
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