Spanish translation: que ha invertido al costo en xxx, filial 100% de propiedad de la sociedad
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21:30 Dec 18, 2010
English to Spanish translations [PRO] Bus/Financial - Business/Commerce (general) / compiled financial statements
English term or phrase:a 100% owned subsidiary at cost
Generally accepted accounting principles require that all majority owned subsidiaries be accounted for as consolidated subsidiaries. Management has informed us that the company has reported its investment in XXX, a 100% owned subsidiary at cost. We are unable to determine at this time what adjustments to the financial statements would be necessary if the 100% owned subsidiary was consolidated.