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Top managers, for the most part, focus on this type of planning.
Reported Gain
The profit reported on financial statements, reflecting the difference between the sale price of an asset and its book value.
Equity Method
An accounting technique used to record investments in other companies, recognizing income proportional to ownership.
Consolidation
The process of combining the financial statements of separate but related entities into a single set of financial statements for the group.
Consolidated Net Income
The total net income of a parent company and its subsidiaries, after adjusting for intercompany transactions, reported as a single figure.
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