I can't seem to understand. The difference between group and company FS
Here's an example:
Main company (A) owns 60% of subsidiary X, 40% of subsidiary Y and 100% of subsidiary Z. Does that mean that the group statement such as balance sheet and income statement includes combination of A, X(60%), Y(40%) and Z(100%)?
And does that also mean that the company statements are for main company A only?
Also for ownership accounting, there are 3 way. Creating consolidated subsidiary FS, the cost method and the equity method. Is it right to say that consolidated subsidiary is the same as the group financial statement?
submitted by /u/GreekGodAesthetics
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source https://www.reddit.com/r/StockMarket/comments/ggeg9r/financial_statement_question/
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