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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.