The Financial Accounting Standards Board, which sets rules for U.S. companies' financial statements, and the International Accounting Standards Board, which does the same worldwide, requires companies to prepare consolidated financial statements when they hold a controlling interest -- more than 50 percent ownership -- in other businesses.
Scalawags and Carpetbaggers. Scalawags and Carpetbaggers were derogatory terms used in the aftermath of the Civil War. Scalawags referred to a group of white Republican Southerners who sympathized with the federal Reconstruction effort.
The scalawag, being a renegade, was scorned more than a carpet-bagger. Scalawag was an easy-bitted pony and minded the rein perfectly. He scrambled out of the phaeton and ran around to Scalawag's head. Just as graceful as a barrel, Scalawag, chuckled Mr. Sorber. Scalawag arrived at the Corner House before the end of the week. With Scalawag, the calico pony, came Louise Quigg and her father.