Asked by Bradley Chappelle on Jul 20, 2024
Verified
Provide a definition of consolidation.
Consolidation
The process in accounting and finance where the financial statements of a parent company and its subsidiaries are combined to form a single, comprehensive financial statement.
- Define and distinguish between consolidation and proxy contests.
Verified Answer
KL
Kierra LightfootJul 23, 2024
Final Answer :
A merger in which a new firm is created and both the acquired and acquiring firm cease to exist.
Learning Objectives
- Define and distinguish between consolidation and proxy contests.