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Economics is:
Consolidated Financial Statements
Financial statements that present the assets, liabilities, equity, income, and expenses of a parent company and its subsidiaries as a single entity.
Estimated Useful Life
The period over which a depreciable asset is expected to be used by an organization, influencing the depreciation method applied.
Equipment Account
An account on a company's balance sheet that reports the value of the company's ownership in equipment, adjusted for depreciation.
Non-Controlling Interest
A shareholder or equity interest in a corporation that is not large or significant enough to confer control over the business.
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