Examlex
Which statement regarding classification groups is false?
Corporate Groups
A collection of parent and subsidiary companies that function as a single economic entity through a common source of control.
Indirect Ownership Interests
Ownership in a company that is not held directly by the owner but through a chain of intermediary entities.
Sequential Consolidation Method
A process in accounting where the financial results of subsidiary companies are consolidated with the parent company's financial statements one after another, usually in the order of acquisition.
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