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Explain the structural factors that favor the maintenance of the two-party system.
Capital Assets
Long-term assets acquired or owned by a company that are used in its operations to generate income.
Consolidated Financial Statements
Financial statements that show the financial position, results of operations, and cash flows of a parent company and its subsidiaries as a single economic entity.
Direct Method
a way of preparing the cash flow statement where actual cash flows from operating activities are reported rather than adjusting net income on an accrual basis.
Consolidation Process
The procedure of combining the financial statements of separate subsidiary entities into those of the parent company to present as one financial statement.
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