The Disadvantage of the One- Line Method Is That

question 5

Multiple Choice

The disadvantage of the one- line method is that:

• A)it overlooks the fact that the joint venture operation involves the direct ownership of assets and the direct incurrence of liabilities by the individual venturers
• B)in the absence of further disclosures,it could mislead financial statement users by conveying a view that the proportions of joint venture assets and liabilities recognised are under the direct and absolute control of the venturer
• C)it provides a more complete picture of the operations,resources and obligations of the entity and more information on the risks faced by the entity
• D)none of the above

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Definitions:

Cerebellum

A region of the brain that plays an important role in motor control, coordination, precision, and timing.

Hippocampus

A major component of the brains of humans and other vertebrates, involved in the consolidation of information from short-term memory to long-term memory, and in spatial memory that enables navigation.

Genetic Predisposition

The increased likelihood of developing a particular disease based on a person's genetic makeup.

Aldosterone

A hormone produced by the adrenal glands that regulates salt and water balance in the body, affecting blood pressure.