presentation as one economic entity of the earnings of a parent and subsidiary (subsidiaries) subsequent to the date of acquisition. The parent company owns more than 50% of the voting common stock of the subsidiary, and is therefore in control. In consolidation, the reporting mechanism is the entire group and not the separate companies. Note that the entities that make up the consolidated group retain their separate legal entity; adjustments and eliminations are for consolidated financial statement only.
classified as a "type A" reorganization, in which two or more corporations are combined into a new corporation; also called statutory merger If no booti s received, the reorganization is tax-free.
combining two or more computer records into one.
