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Consolidated Financial Statements
Combined financial statements of a parent company and its subsidiaries, presenting the financial position and results of operations of these separate entities as a single economic entity.
Non-Controlling Interest
A portion of equity ownership in a subsidiary not owned by the parent company, which is reflected in the balance sheet.
Consolidated Financial Statements
Financial statements that present the assets, liabilities, equity, income, and expenses of a parent company and its subsidiaries as a single entity.
Estimated Useful Life
The period over which a depreciable asset is expected to be used by an organization, influencing the depreciation method applied.
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