The Consolidated Balance Sheet at Year-End,in a Period When the Parent

question 35

Multiple Choice

The consolidated balance sheet at year-end,in a period when the parent sold its interests in a subsidiary:

• A) includes the assets and liabilities of the former subsidiary, to ensure that the opening balances reconcile.
• B) does not include the assets and liabilities of the former subsidiary, if the subsidiary is no longer controlled by the parent.
• C) reports the investment account at cost less proceeds of the sale.
• D) includes the assets and liabilities of the former subsidiary, proportionately adjusted for the proceeds of sale.
• E) None of the given answers.

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Definitions:

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Incidence

The occurrence, rate, or frequency of a disease, disorder, or event in a specified population over a particular period of time.

Small Population

A group of individuals or entities considered small in number within a larger context or comparison.

Epidemiological Study

A research investigation that aims to identify the patterns, causes, and control of diseases in groups of people.