consolidated income statement(redirected from Consolidated Income Statements)
Consolidated Income Statement
An income statement that combines the revenue, expenses, and income of a parent company and its subsidiaries. A consolidated income statement presents an aggregated picture of the whole corporation rather than its individual parts. Any money owed between the companies included in the statement is not considered.
consolidated income statement
An income statement that combines the income statements of two or more organizations. As with other consolidated statements, a consolidated income statement eliminates any funds owed to or due from firms within the same group.