consolidated financial statements – n : finance/accounting term;
combined financial statements of a parent company with those of all
subsidiaries of the parent company as if the parent company and all its subsidiaries
were one entity. If you look at the financial reports publicly issued by
Fortune 500 companies, they are all consolidated financial statements
representing all of the businesses and subsidiaries of the parent company.
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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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