When are consolidated financial statements prepared?
a. At the option of an investee company
b. At the option of an investor company
c. If one company owns more than 50% of another company
d. Only if one company owns 100% of another company
c
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Explain Kantianism.
What will be an ideal response?
Intraperiod tax allocation
A) is used to allocate a company's total income tax expense to the components of net income and comprehensive income. B) involves temporary (timing) differences between financial and taxable incomes. C) requires allocation of deferred taxes across accounting periods. D) results from differences between tax regulations and the principles followed to determine financial income.
The Pareto chart ______.
A. is based on the Alfredo principle B. states that 20% of quality problems stems from 80% of causes C. shows bars arranged in decreasing height from left to right D. shows bars in different colors based on the value they represent
A ________ is a good, service, idea, place, or person--whatever is offered for sale in the exchange
A) product B) place C) utility D) benefit E) demand