When Preparing Consolidated Financial Statements, What Is the Name Given

question 32

Multiple Choice

When preparing consolidated financial statements, what is the name given to the combined entities that are made up of a parent entity and all its subsidiary entities?

• A) Consolidation
• B) Combination
• C) Associates
• D) Group

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Definitions:

Rule Of Law

The requirement that no person is above the law and state power should not be applied arbitrarily.

Enforceable

Capable of being imposed or complied with through legal processes or authority.

Subcontractor

An individual or business that signs a contract to perform part or all of the obligations of another's contract.

Plumbing Materials

Supplies and fixtures used in the installation, maintenance, and repair of water and drainage systems in buildings.