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Consider two long,straight parallel wires,each carrying a current I.If the currents are flowing in opposite directions:
Intercompany Transactions
Transactions between entities within the same group that are eliminated in the process of preparing consolidated financial statements to avoid double counting.
Wholly Owned
A company whose entire share capital is 100% owned by another company, making it a complete subsidiary.
Unrealized Profit
Profits that have been accounted for but not yet realized through a transaction, such as stocks that have increased in value but have not been sold.
Consolidated Financial Statements
Financial statements that present the assets, liabilities, and operating results of a parent company and its subsidiaries as one entity.
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