Examlex
How is the so-called American System best described?
Pre-acquisition Entries
Pre-acquisition entries are journal entries made to account for the assets, liabilities, and any non-controlling interest of a company acquired in a business combination at the acquisition date.
Consolidated Cash Account
A single cash account that combines the cash balances of a parent company and its subsidiaries to reflect total available cash.
Subsidiary Entities
Companies that are controlled by another company (parent company) through ownership of more than half of the voting power or through other means of control.
Consolidated Share Capital
The total amount of a parent company's share capital together with its subsidiaries, reported as one figure in the consolidated financial statements.
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