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What is meant by profit and loss?
When there is a parent and subsidiary companies exists in that situation the combined financial information of parent company as well as subsidiary companies are shown under one statment which are called consolidated financial statements so in consolidated profit and loss account combined information of both parent and subsidiaries shown together rather preparing separate statements.
What is meant by consolidated profit and loss?
When there is a parent and subsidiary companies exists in that situation the combined financial information of parent company as well as subsidiary companies are shown under one statment which are called consolidated financial statements so in consolidated profit and loss account combined information of both parent and subsidiaries shown together rather preparing separate statements.
For GAAP purposes may combined financial statements be issued for affiliated companies which have different reporting periods for tax purposes?
I think its to make persons in a organization aware of certain changes.
What are the combined financial statement of a parent company and its subsidiaries is what?
The combined financial statements of a parent company and its subsidiaries are known as consolidated financial statements. These statements present the financial position and results of operations of the entire corporate group as a single entity, eliminating intercompany transactions and balances to provide a clear view of the group's overall financial health. Consolidated financial statements typically include a consolidated balance sheet, income statement, and cash flow statement. They are essential for stakeholders to assess the performance and financial stability of the parent company and its subsidiaries collectively.
What is a unconsolidated balance sheet?
When there is parent subsidiary relationship exists and in that case if separate financial statements are prepared by both parent and subsidiary company those statements are called unconsolidated statements.
What is combined leverage?
Combined leverage is the combined result of operating leverage and financial leverage.
A combined financial statement of a parent company and its subsidiaries is called?
a consolidated financial statement
What is the difference between consolidated financial statements and consolidating financal statements?
Consolidating shows detailed information by business unit of what makes up a total number, however Consolidated just shows the total figure. For instance if company Z owns company A, B and C, then the consolidating financial statements will show the details of company A, company B and Company C, whereas Consolidated financial statements will just show the total of A B and C.
What is a consolidated financial statement?
it is combined statement of parent company and subsidary company
A combined statement of a parent company and its subsidiary is called?
a consolidated financial statement
What statements are true concerning visual distress signals?
flares are rated for day, night or combined day/night use
What did the major American multibank holding companies own in 1996?
In 1996, the top 10 companies had combined assets of $1.7 trillion
