MGM Resorts International MGM Consolidation Eliminations — Property Transactions Net
Discontinued — last reported Q3 '16
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Where this comes from
Reported directly by MGM Resorts International in its filing.
Tagged under the XBRL concept mgm:PropertyTransactionsNet.
The official record: MGM Resorts International’s 10-Q, filed November 9, 2016, on SEC EDGAR. View the filing →
Questions, answered.
- What does consolidation eliminations — property transactions net mean?
- This metric accounts for the elimination of gains or losses arising from intercompany property transactions or asset transfers between consolidated entities. It ensures that the consolidated financial statements do not recognize profit or loss on assets that remain within the same corporate group. This is critical for maintaining accurate asset valuations and consolidated net income.