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Line-by-Line Method
An approach in preparing consolidated financial statements where the income and expense items of the parent and subsidiary are added together line by line.
Proportionate Consolidation
A method of accounting where a parent company includes its share of the subsidiaries' revenues, expenses, assets, and liabilities in its financial statements proportionately.
Line-by-Line Method
A method of consolidation where the parent company's and its subsidiaries' financial statements items are added together line by line.
Jointly Controlled Operations
Business activities that are managed and operated under the joint control of two or more entities, sharing both the benefits and obligations.
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