Outrageously Funny Word Dictionary :: Consolidations

👉 Consolidations are a type of accounting procedure in which a company merges or amalgamates two or more separate companies into one entity. This process typically involves the sale of assets and liabilities, and may involve the creation of new subsidiaries or joint ventures. In this context, "consolidations" refers to the merging or combining of two or more entities, typically resulting from mergers, acquisitions, or other financial transactions. These transactions are often used in accounting to reflect changes in ownership and control relationships

consolidations