What Does "One-Line Consolidation" Refer To

question 24

Multiple Choice

What does "one-line consolidation" refer to?

• A)Cost method
• B)Equity method
• C)Direct method of consolidation
• D)Worksheet method of consolidation

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Definitions:

60-Day Note

A financial instrument that is payable within 60 days, often used in business transactions as a form of short-term borrowing.

Intermediate Calculations

Calculations performed as steps toward solving a final problem or arriving at a final figure, often used in mathematical or financial analyses.

Maturity Date

The specified date on a financial instrument at which the principal (or final payment) is due to be paid.

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to another party under specific terms.