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When Dollar General buys more than 50% of the stock of another company, Dollar General is called the parent of that company, and the
When Dollar General buys more than 50% of the stock of another company, Dollar General is called the parent of that company, and the company whose stock has been purchased is known as a subsidiary of Dollar General. All of Dollar General's subsidiaries are wholly owned (100%) by Dollar General. What is meant by the term "consolidated," as in the "Consolidated Statements of Income," "Consolidated Balance Sheets," etc.? (You may have to do a little research to answer this question). O Multiple years of consecutive data are presented in the financial statements (i.e., fiscal year 2020, 2019, and 2018). O The statements are a combination of quarterly financial information. O The statements are a combination of the most profitable segments. O The statements represent a combination of Dollar General (the parent company) and all other companies that Dollar General controls (called subsidiary companies).
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