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However, if Company XYZ wants to consolidate its financial statements -- that is, it essentially "adds" the income statements, balance sheets and cash flow statements of XYZ and the four subsidiaries together -- the results give a better picture of the Company XYZ enterprise as a whole.

In the example below, notice how the holding company's assets are only

However, if Company XYZ wants to consolidate its financial statements -- that is, it essentially "adds" the income statements, balance sheets and cash flow statements of XYZ and the four subsidiaries together -- the results give a better picture of the Company XYZ enterprise as a whole.In the example below, notice how the holding company's assets are only $1 million, but the consolidated number shows that the entity as a whole controls $213 million in assets.A consolidation loan from a bank or credit union will also depend on your credit.These loans will carry an interest rate, but what that might be will again depend on your credit standing and your relationship with your bank or credit union.

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However, if Company XYZ wants to consolidate its financial statements -- that is, it essentially "adds" the income statements, balance sheets and cash flow statements of XYZ and the four subsidiaries together -- the results give a better picture of the Company XYZ enterprise as a whole.

In the example below, notice how the holding company's assets are only $1 million, but the consolidated number shows that the entity as a whole controls $213 million in assets.

A consolidation loan from a bank or credit union will also depend on your credit.

These loans will carry an interest rate, but what that might be will again depend on your credit standing and your relationship with your bank or credit union.

million, but the consolidated number shows that the entity as a whole controls 3 million in assets.

A consolidation loan from a bank or credit union will also depend on your credit.

These loans will carry an interest rate, but what that might be will again depend on your credit standing and your relationship with your bank or credit union.

Peer-to-peer consolidation loans are becoming popular, as well.

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'consolidate.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. How It Works Let's assume Company XYZ is a holding company that owns four other companies: Company A, Company B, Company C and Company D.

Each of the four companies pays royalties and other fees to Company XYZ.

For instance, if Company XYZ owned only 5% of Company A, it probably would not have to consolidate Company A's financial statements with its own.

Companies often break out their consolidated statements by division or subsidiary so investors can see the relative performance of each, but in many cases this is not required, especially if the company owns 100% of the division or subsidiary.

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All options will do what you want in terms of paying only one monthly bill, assuming you do not use the cards for future purchases.