There are three main concepts of consolidation - proprietary, entity and parent entity.

Question

Quizplus · Accepted Answer

This is correct, there are indeed three main concepts of consolidation - proprietary consolidation which involves merging all subsidiaries into a parent company, entity consolidation which involves consolidating multiple entities that are related but not fully owned, and parent entity consolidation which involves consolidating a parent company's financial statements with its subsidiaries.

There Are Three Main Concepts of Consolidation - Proprietary, Entity