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Consolidation Process
involves combining the financial statements of two or more companies into a single set of statements.
Consolidation Worksheet
A tool used in the preparation of consolidated financial statements that helps in adjusting and eliminating the financial information of the parent company and its subsidiaries.
Totals and Subtotals
Sums presented in financial statements or reports that represent the aggregation of financial data, with subtotals used to group related items together under a common category.
Dividends Payable
Refers to the amount of dividend that a company has declared to distribute to its shareholders but has not yet paid out.
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