I live in the United States of America and I invest in public companies.

If firm A and firm B have a joint venture. Call this joint venture C. Assume each firm owns 50% of C. Firm A considers it a consolidated joint venture. Does this mean that firm A can count 50% of firm's C assets on its balance sheet? Does it mean it can count 50% of firm C's revenue as its own. I believe the answer is yes to both but I would like somebody more knowledgeable in accounting to confirm this.

Thanks, Bob


Yes, consolidated means that the assets (and liabilities, revenue, expenses, etc.) are consolidated into the owning company's balance sheet and other financial statements.

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