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Consolidated Financial Statements
Financial reports that aggregate the financial position and operating results of a parent company and its subsidiaries, presenting them as a single economic entity.
Residual Value
The estimated value that an asset will have at the end of its useful life.
Gross Profit
The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Consolidated Net Income
The total net income of a parent company and its subsidiaries, after the elimination of inter-company transactions and balances.
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