Which of the Following Statements Is Incorrect

question 35

Multiple Choice

Which of the following statements is incorrect?

• A) the effects of intragroup transactions need to be eliminated in full.
• B) the effects of intragroup transactions that need to be eliminated are those related to the current profit.
• C) the adjustments for the elimination of the effects of intragroup transactions may need to be repeated in subsequent periods.
• D) the effects of intragroup transactions are recognised in the individual statements of financial position and/or the individual statements of comprehensive income.

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Definitions:

Identity Politics

Political positions and movements that emerge from the social identities of marginalized groups, focusing on issues of inequality, rights, and representation.

Social Movements

Collective, organized efforts aiming to promote or resist change in a society.

Gendered Bodies

Refers to the way societies impose distinctions between sexes and construct roles and expectations based on perceived gender differences.

Embodied Identities

The ways in which aspects of identity, such as gender, race, and sexuality, are physically manifested and socially interpreted through the body.