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What are Consolidation and Conversion procedures?

Finance Oct 07, 2020

What are Consolidation and Conversion procedures?

Expert Solution

Consolidated:

We can also call it amalgamation. In business, Consolidation joints the smaller corporation' into little bigger ones. It also consigns concentricity of financial statements of a group company as consolidated financial statements. Its goal is to represent the profits to the owner and creditors.

 

Conversion procedures:

It works by enforcing rules that transforms incoming data from one converter state to another. It detects for the first rule that matches the incoming data, and then enforces the action related with that rule. It include combustion, gasification, liquefaction and many other mingled upgrading operations to receive vitality, gassy and liquid fuels, and other precious items.

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