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Talk about: placer mining
Elimination
In accounting, the process of removing intercompany transactions and balances from the financial statements of a group of companies consolidated as one entity.
Intercompany Profits
Profits that arise from transactions between companies within the same group, which are not realized from the perspective of the consolidated entity.
Consolidation Method
An accounting method used when a parent company includes the financials of its subsidiary into its own financial statements.
Unrealized Profits
Profits that have been earned on paper through an investment's increased value but have not yet been realized through a sale.
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