When Using a Nested Loop, What Should Always Be Thought

question 19

Multiple Choice

When using a nested loop, what should always be thought of as the all-encompassing loop?

• A) inner loop
• B) outer loop
• C) while loop
• D) for loop

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Definitions:

Consolidated Financial Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as those of a single economic entity.

Entity Concept

An accounting principle that treats a business as a separate entity from its owners for financial reporting purposes.

NCI

Non-Controlling Interest, which refers to the ownership in a subsidiary not held by the parent company, represented in the equity section of the consolidated financial statements.

Liability

A financial obligation or debt owed by an individual or entity to another party that has to be paid back in the future.