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In 1924, Edwin Hubble proved that the Andromeda Galaxy lay far beyond the bounds of the Milky Way, thus putting to rest the idea that it might have been a cloud within our own galaxy. How was he able to prove this?
Eliminate Intra-entity Transfer
The process of removing transactions between entities within a single organization from the consolidated financial statements to prevent double counting.
Intra-entity Transfer
Transactions involving assets, services, or funds between units or divisions within the same legal entity.
Consolidated Income Statement
A financial statement that presents the overall income of a corporation and its subsidiaries as a single entity.
Deferred
In finance, this term refers to transactions or events that are postponed to a future date.
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