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Consolidated Financial Statements
Financial statements that show the financial results and position of a parent company and its subsidiaries as if they were a single entity.
Wholly Owned Subsidiary
A firm entirely possessed by another corporation, known as the parent company, holding all of its share capital.
Non-Controlling Interest
A ownership stake in a corporation where the holding gives the investor less than 50% voting power.
Intercompany Profits
Profits derived from transactions between companies within the same group, which may need to be eliminated in consolidated financial statements.
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