Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

consolidated financial statement

Read a random definition: joint and reciprocal will

A quick definition of consolidated financial statement:

A consolidated financial statement is a report that shows the financial condition of a company and all its subsidiaries as if they were one big company. It includes information about assets, liabilities, income, and expenses. This report is important because it gives a complete picture of the financial health of the entire group of companies.

A more thorough explanation:

A consolidated financial statement is a report that combines the financial information of a company and all its subsidiaries as if they were a single entity. This report provides a comprehensive overview of the financial health of the entire group.

For example, if a company owns several smaller companies, it can create a consolidated financial statement that includes the financial information of all those companies. This statement will show the combined revenue, expenses, assets, and liabilities of the entire group.

A consolidated financial statement is important because it gives investors and stakeholders a clear picture of the financial performance of the entire group. It can also help the company make better financial decisions by identifying areas of strength and weakness across the group.

consolidated appeal | consolidated laws

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.