Consolidate Statement Of Work For Free

A consolidated statement of income reports the expenses, revenue, and income of a parent company and those of its subsidiaries. In this financial statement, the assets, liabilities, cash flows, income and equity of a company and its divisions are stated.

1. The purpose of consolidated financial statements is to present, primarily for the benefit of the owners and creditors of the parent, the results of operations and the financial position of a parent and all its subsidiaries as if the consolidated group were a single economic entity.

Consolidated statements of operations is the heading appearing on the financial statement also referred to as the income statement.The term consolidated is used in the heading of the financial statements when the corporation controls several separate legal entities but is reporting the results as one economic entity.

Consolidated financial statements are financial statements that present the assets, liabilities, equity, income, expenses and cash flows of a parent and its subsidiaries as those of a single economic entity.

A consolidated statement of income is often used interchangeably with the term "income statement." Some other synonymous terms include consolidated statement of earnings, consolidated income statement, statement of operations, and profit and loss (P&L) statement.

A consolidated statement of income reports the expenses, revenue, and income of a parent company and those of its subsidiaries.This means that the revenue generated by a parent company that is an expense of the subsidiary is not recorded on the consolidated statement of income.

Definition of consolidated statement : a balance sheet or profit and loss statement of two or more affiliated enterprises (as a parent company and its wholly owned subsidiary companies)