Shanley, who is in charge of pastoral planning for the archdiocese, said no decisions have been made about which churches would be shuttered or consolidated.
The complete financial statement of one subsidiary is shown separately from another as a stand-alone company.
The benefit of combined financial statements is that it allows an investor to analyze the results and gauge the performance of the individual subsidiary companies separately.
Consolidated financial statements aggregate the financial position of a parent company and its subsidiaries.
This allows an investor to check the overall health of the company in a holistic manner rather than viewing the individual company's financial statements separately.
Professor Joe Hughes made a Fellow of the Wharton Financial Institutions...