Examlex
A plane is moving due north,directly towards its destination.Its airspeed is 210 mph.A constant breeze is blowing from west to east at 20.0 mph.At what rate is the plane moving north?
Unrealized Gain
The increase in value of an asset that has not been sold yet, therefore the gain is not reflected in the income statement.
Consolidated Financial Statements
Financial statements that present the assets and liabilities controlled by the parent company and the total revenues and expenses of the subsidiary companies.
Subsidiary Company
A company that is entirely or majority-owned by another company, referred to as the parent company.
Controlling Interest
Ownership of more than 50% of the common stock of another entity.
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