Examlex
Double-bagging is needed when
Consolidated Sales
Consolidated sales refer to the total revenue generated from all divisions, subsidiaries, and affiliated companies of a parent company, combined into a single figure.
Functional Currency
The currency of the primary economic environment in which a company operates, used in its financial reporting.
Subsidiary
A company controlled by another company, often referred to as the parent company, through ownership of more than half of its stock.
U.S. Dollar
The official currency of the United States, commonly used worldwide as a standard of exchange.
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