Give the Name for Each Element

question 16

Short Answer

Give the name for each element.

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Definitions:

Consolidated Statement

A financial statement that aggregates the financial positions and results of operations of a parent company and its subsidiaries, presenting them as a single economic entity.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from revenues.

Non-Controlling Interest

A stake in a corporation that is owned by investors who are not affiliated or connected with the parent company, representing a portion of equity ownership in a subsidiary not wholly owned by the parent.

Non-Controlling Interest

A stake in a company that is less than 50%, meaning the investor does not have a majority control.