Term
|
Definition
| equal to the parent's income from its own operations, excluding any investment income from consolidated subsidiaries, plus the net income from each of the consolidated subsidiaries, adjusted for any differential write-off |
|
|
Term
| consolidated retained earnings |
|
Definition
| the portion of the consolidated enterprise's undistributed earnings accruing to the parent company shareholders |
|
|
Term
|
Definition
| combining for financial reporting the individual assets, liabilities, revenues, and expenses of two or more related companies as if they were part of a single company |
|
|
Term
|
Definition
| provides a mechanism for efficiently combining the accounts of the separate companies involved in the consolidation and for adjusting the combined balances to the amounts that would be reported if all consolidating companies were actually a single company |
|
|
Term
|
Definition
| a corporation owned and operated by a small group of businesses, none of which owns a majority of the joint venture's common stock |
|
|
Term
|
Definition
| used for reporting investments in equity securities when both consolidation and equity-method reporting are inappropriate. |
|
|
Term
|
Definition
| used in the consolidation worksheet to adjust the totals of the individual account balances of the separate consolidating companies to reflect the amounts that would appear if all the legally separate companies were actually a single comany |
|
|
Term
|
Definition
|
|
Term
|
Definition
| used for external reporting when the investor exercises significant influence over the operating and financial policies of the investee and consolidation is not appropriate |
|
|
Term
| fully adjusted equity method |
|
Definition
| the application of the equity method that includes the adjustment for unrealized profit on sales to affiliates |
|
|
Term
|
Definition
| dividends declared by the investee in excess of its earnings since acquisition by the investor |
|
|
Term
|
Definition
| modified versions of the equity method found in practice |
|
|
Term
|
Definition
| investment in a subsidiary recorded on one line in the balance sheet |
|
|
Term
|
Definition
|
|
Term
|
Definition
| when one company holds 20 percent or more of another company's common stock |
|
|
Term
|
Definition
|
|
Term
| unconsolidated subsidiary |
|
Definition
| a subsidiary that is not consolidated with the parent |
|
|
