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What Are the Three Major Functions of Exchanges

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What are the three major functions of exchanges?


Definitions:

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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