Describe what a consolidated income statement shows
The consolidated income statement shows all of the parent's and the subsidiary's revenues less all of the parent's and the subsidiary's expenses, plus or minus intercompany sales, expenses, gains, and losses, which equals consolidated income. The consolidated income statement shows the portion of this consolidated income to which the noncontrolling shareholders have a claim, typically an amount equal to the subsidiary's net income multiplied by the noncontrolling shareholders' ownership percentage, and the portion to which the parent company shareholders have a claim.
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In the classic linear approach, identify the stage of the new product development process where a competitor is most likely to learn about the new product
A) idea generation B) testing and concept development C) business analysis D) initial design and concept screening
Lorraine works for a company that does not pay very well. She relies heavily on extra paychecks that her company gives out a couple of times a year. Lorraine relies on what type of pay?
A. merit B. profit sharing C. bonus pay D. gainsharing
Which of the following is considered to be one of the most powerful ways to begin a presentation?
A) Citing a surprising fact B) Telling a relevant story C) Quoting someone D) Asking a question E) Naming your sources
Which of the following governs a limited partnership, its internal affairs, and the liability of its limited partners?
A) the federal government B) all states in which the business operates C) the articles of limited partnership D) the law of the state in which it is organized