Examlex
If a price floor is above the equilibrium price it will have no effect in the market.
Gain on Sale
The profit realized from the sale of an asset when the selling price exceeds the asset's book value at the time of sale.
Consolidated Income Statement
A income statement that combines the financial performance of all subsidiaries with the parent company, eliminating intercompany transactions.
Income Tax Rate
The proportion of income that is taken from a person or business in the form of taxes.
Consolidated Retained Earnings
The portion of earnings not distributed as dividends but retained by the parent company and its subsidiaries for reinvestment.
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