Final answer:
The economic activities of General Electric and its subsidiaries are merged for accounting and reporting purposes, allowing for a consolidated view of the company's financial performance and position.
Step-by-step explanation:
When General Electric (GE) and its subsidiaries merge for accounting and reporting purposes, it means that their economic activities are combined and treated as a single entity.
This allows for a consolidated view of the financial performance and position of the company as a whole.
For example, if GE has multiple subsidiaries that operate in different industries, the merger of their economic activities would enable the company to present a comprehensive financial statement that reflects the overall performance and financial health of the entire organization.