Examlex
In terms of race, which of the following statements is closer to reality?
Consolidated Net Income
The total earnings of a corporation and its subsidiaries after tax, representing the total profit attributable to the parent company and its shareholders.
Acquisition
The process by which one company takes over another company, either by purchasing it or merging with it.
Amortization
The process of gradually writing off the initial cost of an asset over a period.
Consolidated Balance Sheet
A financial statement that combines the assets, liabilities, and equity of a parent company and its subsidiaries, presenting them as a single entity.
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