Financial statements that show the financial statements of all entities under the parent's control,including all subsidiaries are called:

A) Comprehensive financial statements
B) Consolidated financial statements
C) Equity financial statements
D) Statement of owner's equity
E) Investor financial statements

Financial Statements

Formal records of the financial activities and position of a business, presenting its operations, financial condition, and cash flows.

Consolidated Financial Statements

Financial statements that show the aggregated financial position and results of operations for a parent company and its subsidiaries.

Parent's Control

The influence and authority a parent company holds over its subsidiary's operations and financial decisions.