Condensed consolidating financial information


15-Aug-2020 14:35

A condensed balance sheet might just have three lines: current assets, long-term assets and total assets.The objective is to present only the most important figures and make them digestible in a quick glance.Cam Merritt is a writer and editor specializing in business, personal finance and home design.He has contributed to USA Today, The Des Moines Register and Better Homes and Gardens"publications.A consolidated balance sheet and a condensed balance sheet both provide an overview of a company's financial position.

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For investors, a company's financial statements offers insight into the health of the company.The parent is the owner of the subsidiaries, so equity in the subsidiaries is automatically reflected in the equity of the parent.



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