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Consolidated Income Statement
A financial statement that combines the income statements of a parent company and its subsidiaries, presenting the financial performance of the entire group as a single entity.
Straight Line Amortization
A method of allocating the cost of an intangible asset over its useful life in equal annual amounts.
Impairment
A decrease in the recoverable value of an asset below its carrying amount on the balance sheet, necessitating a write-off.
Goodwill
The intangible asset that arises when a company acquires another for a price higher than the fair value of its identifiable tangible and intangible assets.
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