Examlex
Match each definition to a term from the list below.
-Are designated either (±) or d,l.
Consolidation Adjustment
Adjustments made to the financial statements of a parent company and its subsidiaries to eliminate intercompany transactions and balances for the purpose of consolidation.
Company Tax Rate
The percentage of a company's taxable profits that it must pay to the government as tax.
Cost of Sales
The direct costs attributable to the production of the goods sold by a company, including materials, labor, and overhead expenses.
Subsidiary Entity
A company that is controlled by another company, known as the parent company, through ownership of more than half of its voting stock.
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