A company may be treated as unconsolidated even when a parent company owns 50% or more of its voting common stock.

This usually occurs when the parent is not in actual control of subsidiary, has temporary control of the subsidiary or if the parent company’s business operations are considerably different than that of the subsidiary.

Read more: http://www.investopedia.com/terms/u/Unconsolidated-Subsidiary.asp#ixzz1VVZcwxXr

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