Examlex
In which of the following environments would you expect to find a high number of iron-reducing bacteria?
Variable Interest Entity
A legal entity in which an investor holds a controlling interest that is not based on the majority of voting rights.
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The process of combining financial information from several departments or subsidiaries within a company into a single financial statement.
Controlling Financial Interest
A situation where an entity has the power to govern the financial and operating policies of another entity so as to benefit from its activities.
Consolidated Retained Earnings
The accumulated net income of a corporation and its subsidiaries after dividends have been paid out to shareholders, presented in the consolidated financial statements.
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