During the Current Year, a Partly Owned Subsidiary Has Made

question 49

Multiple Choice

During the current year, a partly owned subsidiary has made a transfer from a general reserve to retained earnings. Which of the following lines would appear in the NCI consolidation entry relating to the current year transfer?

• A) CR NCI
• B) CR Retained earnings
• C) DR General reserve
• D) DR Transfer from general reserve

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Definitions:

M-Form Organization

A structure for managing a diversified company by operating separate divisions in distinct markets or industries, each with its own management team.

Customer Demand

The desires and needs of consumers for products and services, which can vary in quantity and over time.

Employee Evaluating

The process of assessing and reviewing an employee's work performance by comparing it with preset standards, and providing feedback.

Functional Lines

The division of a business into departments or teams based on functions such as marketing, finance, or operations.