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Consolidation Worksheet
A tool used in accounting to combine the financial statements of a parent company with its subsidiaries to prepare consolidated financial statements.
Intragroup Service
Services provided between companies within the same group, typically involving administrative, technical, or logistical support.
Deferred Tax Liability
A tax obligation that a company owes in the future due to differences between accounting practices and tax regulations.
Depreciable Asset
An asset that loses value over time due to wear and tear or obsolescence, which can be depreciated over its useful life.
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