Subsidiary Corporation Purchases a Used Machine from Parent Corporation in an Intercompany

question 77

Multiple Choice

Subsidiary Corporation purchases a used machine from Parent Corporation in an intercompany transaction. Which of the following events is a corresponding event for the intercompany transaction?

• A)the purchasing group member depreciating the machine
• B)the purchasing group member selling the machine for cash to a nonmember of the group
• C)the departure of the purchasing group member from the affiliated group when its stock is sold to a nonmember of the group
• D)All of the above are recognition events.

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Definitions:

Ladder Logic

A programming language used in programmable logic controllers (PLCs) that employs graphical elements resembling a ladder with rungs to represent control logic.

Communication Module

Allows the user to connect the PLC to high-speed local networks that may differ from the network communication provided with the PLC.

Discrete DC Output

A digital output in control systems that provides a direct current signal, used to control on/off states.

Binary Input

A digital input signal that has two possible states, 0 or 1, representing off or on conditions in electronic devices.