Examlex
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Goodwill Impairment
A charge that occurs when the market value of goodwill, an intangible asset, drops below its recorded value on the balance sheet, indicating diminished business value.
Discontinued Operation
A component of a business that has been sold, disposed of, or is held for sale, and is reported separately in financial statements.
Consolidated Financial Statements
Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as one single economic entity.
Subsidiaries
Companies that are controlled by another company, often referred to as the parent company, through ownership of over 50% of the subsidiary's voting stock.
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