Question

What factor should be considered when comparing the net income figure of a partnership What do you understand the concept and meaning of amalgamation?

Answer 1

Answer:

See the Attached Image!

Answer 2

Answer:

Consolidation

Business

In business, consolidation or amalgamation is the merger and acquisition of many smaller companies into a few much larger ones. In the context of financial accounting, consolidation refers to the aggregation of financial statements of a group company as consolidated financial statements.