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neurodiverseotter t1_j0yhhio wrote

Ist this just AA or does it include their subsidiaries as well?
A lot of companies rent space, tools or vehicles from their own subsidiaries to artificially reduce net profit and save taxes.

Also, is there no marketing in the budget or is it included in the "other" section?

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isocrackate t1_j0z375r wrote

FYI - any public company financials are consolidated (all-inclusive of subsidiaries) unless their % ownership is below a certain level. I think under 50%, been a while for me.

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Obvious_Chapter2082 t1_j0zqiqg wrote

You’re correct, it’s 50%. As long as it’s above 20% though, their share of income would be reported here, it just wouldn’t be through consolidation

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[deleted] t1_j0yi1uj wrote

[deleted]

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JamminOnTheOne t1_j11uz8q wrote

Operating expenses include all ongoing expenses, including marketing, etc. The only expenses that aren’t included are capital expenses (eg, buying planes), which aren’t shown directly on an income statement (the depreciation is an operating expense, not the purchase price).

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