During the Previous Year, a Partly-Owned Subsidiary Made a Transfer

question 28

Multiple Choice

During the previous year, a partly-owned subsidiary made a transfer from retained earnings to a general reserve. In the current year, which of the following lines would appear in the NCI journal relating to the previous year's transfer?

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

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Definitions:

NADPH Formed

The production of Nicotinamide Adenine Dinucleotide Phosphate, a critical cofactor in anabolic reactions, during cellular metabolic processes.

Thylakoid Lumen

The inner space of the thylakoids, where the light-dependent reactions of photosynthesis occur.

ATP

Adenosine triphosphate, a molecule that provides energy for many biological processes in living organisms.

Hydrogen Ions

are positively charged ions (H+) that are formed when hydrogen loses its electron, playing a crucial role in acid-base chemistry.