consolidated income statement

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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.
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Consolidated income statements will present net income for the entire enterprise as well as the allocations to the parent and NCI.
The consolidated balance sheets and consolidated income statements are found in Exhibits 3 and 4.
But it's now much easier for the appropriate people to obtain unit exhibits, treasury reports, balance sheets, consolidated income statements and so forth.

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