TeachMeFinance.com - explain Investments and advances to unconsolidated affiliates
Investments and advances to unconsolidated affiliates The term 'Investments and advances to unconsolidated affiliates' as it applies to the area of energy can be defined as ' The balance sheet account representing the cost of investments and advances to unconsolidated affiliates. Generally, affiliates that are less than 50-percent owned by a company may not be consolidated into the company's financial statements'.
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