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Which statement about restorative aides is correct?
Consolidation
The process of combining the financial statements of a parent company with those of its subsidiaries to present as if the group of companies is a single entity.
Intragroup Advance
A loan or prepayment made between companies within the same corporate group, often for managing liquidity or financing purposes.
Consolidation Adjustment
Adjustments made to a parent company's financial statements to remove the effects of intercompany transactions when consolidating its subsidiaries' financial statements.
Depreciation Expense
The allocated portion of the cost of a tangible fixed asset that is charged as an expense in a reporting period, reflecting the usage and wear and tear of the asset.
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