Examlex
Tolman viewed behavior as
Intercompany Sales
Transactions of goods and services between subsidiaries within the same parent company, requiring elimination during consolidation for accurate financial statements.
Effective Tax Rate
The average percentage of net income that a person or corporation pays in taxes, effectively showing the portion of income gone to taxes.
Non-Controlling Interest
A minority share of ownership in a subsidiary that is not directly controlled by the parent company, typically reflected in the equity section of the consolidated financial statement.
Consolidated Financial Position
A representation of a parent company and its subsidiaries' financial status as one entity, summarizing assets, liabilities, and equity.
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