Amazing sex chat - Consolidating financials subsidiary
Individual financial statements are also known as standalone financial statements.
The financial statement reflects the financial results for all the entities it bought as well as the original assets of the company.
After a stock acquisition by the parent company, the subsidiary continues to maintain separate accounting records.
Shareholders don’t even need to know the results of these subsidiaries.
A consolidated financial statement takes the financial statement of a parent company and its subsidiaries and combines them into one comprehensive financial statement.
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A subsidiary whose financial statements are accounted differently from its parent company.
That is, an unconsolidated subsidiary publishes its balance sheets, 10-K statements and other information separately.
Consolidated financial statements: the financial statements of a group presented as those of a single economic entity.