NET WORTH STATEMENT
1) Does it mean Consolidation of Balance Sheet(s) ?
2) If not, what is it ?
Please clarify
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Please clarify
Replies (3)
a statement that shows the financial position of a parent company and its subsidiary companies at a specified date by listing the asset balances and the claims on such assets ⇒ Businesses are often operated as a group of companies and the consolidated balance sheet shows the combined results of the group.
DEFINITION of 'Consolidated Financial Statements'
The combined financial statements of a parent company and its subsidiaries.
INVESTOPEDIA EXPLAINS 'Consolidated Financial Statements'
Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge the overall health of an entire group of companies as opposed to one company's stand alone position.
Net worth is the amount by which assets exceed liabilties, details: https://www.investopedia.com/terms/n/networth.asp
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