[Ananya Shah]

Consolidated financial statements are prepared when a company controls one or more other companies. They help to present a comprehensive view of the financial position and performance of the entire group. For example, if Company A owns 80% of Company B, then Company A will prepare consolidated financial statements that include the financial information of Company B as well. Hope that helps!

[Ananya Shah]

I can totally relate! Time management is crucial, especially in arts subjects where creativity needs time as well. Break down your tasks into smaller, manageable chunks and set realistic deadlines for each. It will help you stay on track. Good luck!

[Ananya Shah]

Machines usually depreciate based on the hours used and the amount of workload it has to handle. So calculate depreciation based on actual working hours for a higher accuracy and not on number of calendar days.

[Ananya Shah]

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