____________ Is the Only Country in the Western Hemisphere with a Dependency

question 46

Multiple Choice

____________ is the only country in the western hemisphere with a dependency ration over 85.

• A) Haiti
• B) Brazil
• C) Mexico
• D) Guatemala

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Definitions:

Consolidated Financial Statements

Financial statements that present the financial position and results of operations for a group of companies as if they were a single economic entity.

Parent-Company Extension Method

An accounting method where the financial statements of the parent company include its investments in subsidiaries without consolidating their individual financial statements.

IFRS 3

An International Financial Reporting Standard that outlines the accounting requirements for business combinations.

Entity Method

A consolidation method wherein investments in subsidiaries are reported at cost and income from the investment is recognized to the extent of dividends received.