Accounting consolidating financial statements dancing with the stars kelly monaco and val dating

A combined financial statement shows financial results of different subsidiary companies from that of the parent company.The complete financial statement of one subsidiary is shown separately from another as a stand-alone company.When it comes time to report results, consolidated financial statements and stand-alone statements provide two ways of looking at the companies' performance.A consolidated financial statement covers the activities of the parent company and its subsidiaries in a single report, as if they were all a single company operating under one roof.It's common for companies to do business with their subsidiaries -- and subsidiaries to do business with each other -- as if they were unrelated.An automaker, for example, might own the company that makes its transmissions, but it still pays that company for the transmissions it provides.

If a subsidiary earned

If a subsidiary earned $1 in income, for example, that $1 would show up on the parent's consolidated statement and the subsidiary's stand-alone statement -- but not the parent's stand-alone statement.

For example, let's assume that Northern Electric Power (NEP) is an electric utility with its stock traded on a stock exchange.

NEP acquires all of the stock of Midwest Gas Corporation (MGC). NEP is the parent company and MGC is the subsidiary company.

Each of these corporations will continue to operate its respective business and each will issue its own financial statements.

However, the investors and potential investors in NEP will find it helpful to see the financial results and the financial position of the earned from outside customers.

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If a subsidiary earned $1 in income, for example, that $1 would show up on the parent's consolidated statement and the subsidiary's stand-alone statement -- but not the parent's stand-alone statement.For example, let's assume that Northern Electric Power (NEP) is an electric utility with its stock traded on a stock exchange.NEP acquires all of the stock of Midwest Gas Corporation (MGC). NEP is the parent company and MGC is the subsidiary company.Each of these corporations will continue to operate its respective business and each will issue its own financial statements.However, the investors and potential investors in NEP will find it helpful to see the financial results and the financial position of the earned from outside customers.When one company holds a controlling interest in another company, the arrangement can complicate the task of preparing financial statements.

in income, for example, that

If a subsidiary earned $1 in income, for example, that $1 would show up on the parent's consolidated statement and the subsidiary's stand-alone statement -- but not the parent's stand-alone statement.

For example, let's assume that Northern Electric Power (NEP) is an electric utility with its stock traded on a stock exchange.

NEP acquires all of the stock of Midwest Gas Corporation (MGC). NEP is the parent company and MGC is the subsidiary company.

Each of these corporations will continue to operate its respective business and each will issue its own financial statements.

However, the investors and potential investors in NEP will find it helpful to see the financial results and the financial position of the earned from outside customers.

||

If a subsidiary earned $1 in income, for example, that $1 would show up on the parent's consolidated statement and the subsidiary's stand-alone statement -- but not the parent's stand-alone statement.For example, let's assume that Northern Electric Power (NEP) is an electric utility with its stock traded on a stock exchange.NEP acquires all of the stock of Midwest Gas Corporation (MGC). NEP is the parent company and MGC is the subsidiary company.Each of these corporations will continue to operate its respective business and each will issue its own financial statements.However, the investors and potential investors in NEP will find it helpful to see the financial results and the financial position of the earned from outside customers.When one company holds a controlling interest in another company, the arrangement can complicate the task of preparing financial statements.

would show up on the parent's consolidated statement and the subsidiary's stand-alone statement -- but not the parent's stand-alone statement.

For example, let's assume that Northern Electric Power (NEP) is an electric utility with its stock traded on a stock exchange.

NEP acquires all of the stock of Midwest Gas Corporation (MGC). NEP is the parent company and MGC is the subsidiary company.

Each of these corporations will continue to operate its respective business and each will issue its own financial statements.

However, the investors and potential investors in NEP will find it helpful to see the financial results and the financial position of the earned from outside customers.

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