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Consolidation Adjustments
Adjustments made to the financial statements when combining the financial information of a parent company and its subsidiaries to prepare consolidated financial statements.
Consolidated Financial Statements
Financial reports that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries into one document.
Double Counting
A statistical or accounting error where a transaction or value is counted more than once, skewing results.
Parent
A company that controls or owns another company or companies.
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