Examlex
What are the three major functions of exchanges?
Consolidated Financial Statements
Financial reports that aggregate all financial data for a parent company and its subsidiaries, showing the financial results and position of the entire corporate group as a single entity.
Inter-company Transactions
Financial activities between different divisions or subsidiaries within the same parent company.
Parent Company
A corporation that holds a controlling interest in one or more subsidiary companies.
Subsidiary
A company that is controlled by another company, known as the parent company, typically through a majority of the voting shares.
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