Examlex
The formula for computing a current ratio is:
Entity Method
An accounting approach used in preparing consolidated financial statements where investments in subsidiaries are recorded at cost and adjusted for the parent company's share of the subsidiaries' post-acquisition profits or losses.
Shareholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claim on the business assets.
Accumulated Depreciation
The cumulative depreciation of an asset up to a single point in its life, reflecting the decrease in value due to wear and tear, age, or obsolescence.
Consolidated Financial Statements
Financial statements that represent the aggregation of a parent company and its subsidiaries, presenting the financial position and results of operations as if the group were a single entity.
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