The loss will affect Penston's consolidated financial statements as it is the parent company. While...
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The loss will affect Penston's consolidated financial statements as it is the parent company. While Swansan would have incurred this loss on its individual financial statements, it now affects the consolidated financial statements of Penston who had made the purchasing decision. In other words, Penston company lot the $300,000.
What do you think about this statement? Do you agree or disagree?
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You can see the logs in the Dashboard.